That is a legal document that the lender needs to be involved in.

I'm nervous because I've never had a business before and I still have a full-time job as a cloud solutions architect, which I'm really passionate about - so hopefully it won't be my golden handcuffs that may prevent me to thrive as an investor and  I'm excited because of all the benefits and freedoms being a business owner offers, one of which is to connect and collaborate with forums like this and people like all of you, where I can both learn from and hopefully share later as I develop more experience. :-)

However, we are all human, and businesses always have room to improve, which we are always trying to work on. 

This drives us to have a little higher barrier to scaling my investing business, however I am trying to go far, not fast. 

I and my business partner currently have over 30 units in Martinsburg and will continue to buy in Berkeley County.

Many businesses take on debt to make money did these millionaires benefit from business debt but never personally took out debt.

All loan expenses can be deducted from LLC or business entity profits for the year and following years. 

Business has slowed down, and they are hungry looking for buyers and sellers. 

If they run into trouble with a refusal or anything, then you can get a lawyer involved.

Lower of cost or market for determining the basis is also the correct way to treat a personal use asset being placed into service for business purposes.