I am at a loss! 

this would give the compressor a direct link from the garage to the house. some electric motors ( which this compressor has) can force a back feed as though it were a generator. this would cause the compressor to back feed directly into the main panel and overload the whole house without passing thru the main breaker in the main panel. we could have a twofold problem here. a defective compressor and a direct ( wrong wired) connection. in any case, this tenant had no business messing with the electrical system of your house and could have cost you the house and perhaps some lives. this would be grounds for me to evict or not renew the lease. if there were no problems prior to this, the loss of his tv sets are his fault not yours. throw the bum out and for safety sake, have another electrician check things out completely

If you want to keep buying and are concerned about qualifying, the key is to not show a loss on the sch.

Just food for thought.  

In the end, we worked out a deal in which they put in all the initial capital, and I got the loan (in my name only), managed the property, was on the hook for any losses if that were to occur, ran the remodel and the finances etc.

Didn't see hotel staff coming over as often anymore, which meant less free food tray pickings for me for their catered events.I didn't know they gave out their cookies so freely to non-guests. 

If the Borrower owes $100 and you buy it for $70 and you accept less than what is due, say $60, then you have a $10 loss and the Borrower has a $40 gain.  

We protect the lender by putting them on the insurance as the loss payee, and by having a solid deed of trust drawn up.I dont do 1 or 2 flips a year, we have a business to run and overhead to support and I cannot afford to split the profits 50/50 with my lender. 

Well, my wife stays home with my three little ones, and although my W2 job covers the bills and puts food on the table, I would like to grow beyond a 3-4% annual raise and build up to financial freedom.

Due to homeowner losses in credit standing and bankruptcy, these homeowners complained and the Ohio Bar saw that because he prepared the documents for signature by the homeowners, the Ohio Bar could find he was practicing law without a license because he had prepared the documents for the homeowner's signature.