If you wanted to do a commercial loan that didn't have a guarantor (i.e. didn't depend at all on your personal credit-health) then you'd need to use a product that is fully "contained" within your business.  

Typically, sponsors who have a proven track record move away from the non-accredited into accredited, and now it gives non-accredited investors an opportunity to gain the accredited investors status in order to have a broader accesses to deals - which they wouldn't have if this rule was not amended.  

By all means house appears close to obtaining legal suite status (huge basement windows, separate bathroom and kitchen, high ceilings etc) but we are not experts. 

It’s vacant and distressed, and could potentially be a great property for a flip.My question is I am confused about the status of the property, and would like some advice.

If you're spending YOUR time to help friends increase their income and financial status then it's only fair to be compensated.

My numbers are pretty insignificant and I was/am quite thrown off a bit by the current status of the real estate world and the pandemic.

You also gain the benefit of the VA so there's no health insurance costs.

Reserve Currency status has been very good for the US and USD since Breton Woods.

Trying to figure out the best tax status for holding the property. 

We run as many legitimate expenses through the company as possible... health care, car payments, car insurance,  company lunches (1/2 credit for taxes on those), telephones, internet, and this year even our annual meeting of our corporation (of 2 employees!!)