Just a thought - it may be too time consuming.

It is far more time consuming, but can be done.

What if they have two car payments, and credit card amd other consumer debt?

After Ifinished typing my post above the other night, I found myself logically going toward option 2 more, since it seemed cleanest, and it allowed for a complete separation of the assets consumed by each tenant, in order to track the depreciation independently of one another.At this point, I know I can make the final depreciation amountscome out the way I want them to, however what I was confused about is, what is the most acceptable practice in the industry for achieving that?

On the other hand, if your niche is rental properties (passive income) then you would opt for the partnership election if you are a MM-LLC.

It just does not serve that purpose.It is not a fee that a consumer is paying to "get" the loan.

The Federal Trade Commission said David Del Dotto of Modesto and his wife, Yolanda, have settled charges that they deceptively represented features of their "Cash Flow System," a get-rich-quick real estate scheme sold to thousands of consumers on televised infomercials.

Even if you only do one at a time, you can still be consumed on occasion and enough to damage your current livelihood.As a lender, Ann suggested you consider loaning your money to rehabbers instead of doing the work yourself.

I stopped because it was sooo time consuming.

Would you ever consider wholesaling to a consumer rather then an investor if you could not find an investor in the deal?