I have been learning via reading and podcasts for the past few years and am willing to step out and take action.

Just be frank about your situation and assure them you won’t do anything to jeopardize their position with the seller at all.

The only time personal guarantees may not be required is if: the property is underwritten commerciallythe corporation is established for at least three yearsthe corporation can provide three years full financial statements and corporate tax filings that are strongthe corporation has a high asset base, andthe corporation has positive cash flow and consistent net profitDo you set up a holding or operating company?

if work was done on a positive note hire them.

Will my taxable income go down to $105k, or does that extra deduction carry over until I have a positive year?

Positive cash flow....no possible way long term.Based on the opportunity value of your equity your properties do not have true positive cash flow.

These were both first position loans on paid for properties and we were using those funds for down payments on additional places.

Below are two coarse of actions I'd recommend from my experience to get the maximum cash back in Real Estate acquisitions. 1.

Nice Guy to the point it did not let them take action soon enough.

It is also important to add that taxes were raises in my area in TX and i am no longer have positive cash flow.