I had held the property for over 14 years so had been depreciating the asset for all that time.  

Usually the asset will be held in the name of someone in the family with verifiable income.As far as morality, while I personally don't agree with this use of student loans and wouldn't encourage it in any of my friends, it's certainly a better use of student loan funds than pizza and beer.

If that was your intent then you also cannot do a 1031 exchange since the 1031 is allowed on real estate that is "held for productive use in business, trade, or for investment." 

I have not taken PPR's course however the CEO Dave Horn came out and talked at The Note Camp event, which Ellis San Jose (aka The Note Guy) held at my ranch several years ago.

Generally the way this would work is that title would be held in the name of, and the loan would be to, the LLC. 

Yes one of my buyers bought a few of our turn keys and we held a not and mortgage on it and they refied out.

Fear of failing has held me back for too long :-|BP looks like the best place to kick this off!  

If something were to happen to a tenant in the unit, ie fire, earthquake, etc, you could be held liable because you allowed someone to rent a space you know was not permitted and possibly not safe.

Maximum Purchase price (MPP) cannot exceed 70% of the After Rehab Value (ARV)Example: Appraised ARV= $150,000 70% of Appraised ARV would be equal to the MPP = $105,000 90% of MPP loaned for property= $94,500 In the above example borrower would put a down payment equal to 10% MPP or $10,500. 15% fixed rate, interest only, payments due monthly.9 month loan – no pre-payment penalty, 6 month extensions would incur 2 additional points. 100% Rehab loan not to exceed 12% of ARV held in escrow and released upon completed and evaluated work.

From what I hear, landlords are held to a higher standard since we are assumed to be more sophisticated.