The American small business landscape is strewn with carcasses of dead and dying small businesses that were started by people who did not plan before moving forward. 

Because the money for your rehab is most likely set aside in an escrow account, charging interest on it is not out of the ordinary either.  

Also, most Americans fall into this trap so don't feel bad. 

Dont forget this is all tracked data... for instance at anytime what the savings rate is, is known and what the average american has in the bank account, say in CA for instance, would be absolutely insuffient to meet a 3.5% down payment, less 30% on a $700,000 property in LA.If almost 70% of transactions is financed, and financing relies on a qualifying income, which is currently half below where it should be (what is required), the question is not if there will be a problem. 

Ours was about $135 per sq. foot, which is lower than anything currently on the market in our area (American Fork).

Google "Lifetime Learning Credit" and "American Opportunity"

All well and good, but nothing too out of the ordinary as far as closing a deal is concerned.But it wasn't until a couple of months ago when I ventured into what would be the weirdest real estate deal yet, and I cannot tell you how much I have relied on the information on Bigger Pockets to navigate this.

My first thought was illegal immigration but he's married to an American.

The carrying costs carry to the ordinary business income line on the K-1.

Not to go too much into detail, and to bore you - although if you are still reading my autobiography that I posted here, something about me must be interesting or you're already bored - I'm a first generation American, as my parents immigrated here when I was very young.