You will have a "loss" and you won't know when.  

No fake TV drama, and real profit/loss figures.

Having non-liquid assets means pledging the assets, this is not a DIY thing for you to try to do, get a corporate attorney, familiar with subsidiary and affiliate entities.You have a lot of bases to cover in the Operating Agreement, buy-sell agreement, removal of officers/members, pledged assets, accounting of profits, hold harmless between members, insurance loss proceeds, cut-off amounts for disbursing funds and creating liabilities......have your attorney address these as well as other aspects.

All or nothing is not a good strategy, if you get no support at 100% ownership it's no loss to give 50% away.  

At your income range you can't take a "paper loss", so leverage isn't quite as valuable.  

I specialize in Residential and Commercial Wholesale nation wide.Andres GarciaCitySide Investments Corp "Success consist of going from failure to failure without loss of enthusiasm" Winston Churchill

Even those that do generally booked the losses on the investment banking side.A late response to the thread hits on why most banks will not finance the REO buyer.

( unfortunately many tenants in america fall into this category- so i understand you but you are a landlord and you look from the landlord's perspective....want it or not), other reasons are illness, divorce, chemical adictions, loss of employment due to ****** economy, e.t.c. to name just few..........ohio is particularily affected with high unemployment rate.

The owner is coming up on 4 months behind and the account is about to go to loss mitigation.

But what will happen if all these investors keep plumiting with all these losses on their books?