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.  

For the Atlanta property, the lender take a loss of $60K.

LLCs also provide flexibility in management and offer the  benefit of pass-through taxation which means that the profits and losses of the  business pass through to its owners, who report them on their personal tax  returns.

@George Cairncross Unless you can do a short sale and get the bank to take a loss.

Here are some "cheap" look nice tips that we figured outKitchen* if you paint the cabinets using the kit, its $80ish dollars and transforms the kitchenWhen shopping for fictures and cabinets use the loss leaders.

If you are:- Are they checking only your Profit & Loss, Balance Sheet and Trial Balance and filing the tax return? 

Easiest option for to me would be to rent the place out at a possible loss and treat it as a savings account.

Clean it up a bit and rent it out at a potential loss or walk away. 

In the off chance they don't the large upfront cost is supposed to cover any possible losses I believe.

Because the SBA Lender’s approval is subject to different factors, i.e. a lender might be pessimistic about the borrower's industry or may have recently suffered losses in the borrower's geographic area, it might very well happen that although the borrower is fully qualified, he might still be rejected by the SBA lender.The following situations necessitate the use of a private money lender instead of a SBA lender:The buyer’s credit is spotty.The buyer’s company took a hit during the Great Recession.The seller has offered to carry back a second mortgage.