If you have a $5k judgement, and you can get a guaranteed grand or two from an agency, that's not a bad deal *and* you have the satisfaction of knowing they will hound this person from here to eternity.  

All the consumer knows is what S/he sees on AirBnb or VRBO or (if you have one) your personal website. 

I'm reading an application that sounds as if my personal assets would back the loan.

Given my geographic inability to personally manage the properties and long stretches of not having cell or internet service, I'm calculating 3rd party property management into all my deals.

I filed a claim with bank but bank mentioned they will try to recover the money if there is money in the amount. but its not guaranteed.

Thanks Linda Weygant have you personally done a cost seg on an SFR/STR before?

Furnishings, such as the $35,000 you spent on furnishings, would generally be considered personal property rather than real property and would not be included in the cost of the property.In a cost segregation study, the goal is to identify and classify the various components of a property as either real property (land and buildings) or personal property (furnishings, equipment, etc.).

I just got back from deployment about a month ago and have focused a lot of my spare time on catching up on personal matters and setting up my business.

We have found - from personal experience - that these courses offer general knowledge that often do not apply to your state or local area. 

In the worst case, I've seen contracts where LPs are made to personally guarantee the loan.