For example, they might want to know things like your credit score, just to know whether some loan programs are worth mentioning or not.Just be respectful of their time and you'll be fine! 

I respect it.

If you do it anyway, then you must accept that you will probably realize a loss because those people will not respect the time, money or effort you put into a rental property and will just think you're a greedy bastard. 

Treat your deserving tenants with respect and you may get some back!

There are quite a few action items  most real estate investors fail to implement that are far more helpful with respect to asset protection than merely creating an LLC.

@Kai Sato-FranksNot sure if it’s worth taking such advice blindly and at face value.With all due respect, the only guys who get rich in this episode are “investment gurus” like Ramsey or Kiyosaki etc are the gurus themselves.

You deserve great tenants respect the home you are providing.

ThanksALL DO respect, if you do not know the numbers then do not do it.

However, my wife was not with me at the time so in respect he had to end the conversation, because I'm sure it was eventually going to lead to making a decision on whatever they were trying to market.

Be sure you and your friend are receiving annual forms 1098 associated with both loans and that you discuss with your respective tax advisors.You will purchase hazard insurance in your name, listing the underlying lienholder as 1st loss payee and your friend as 2nd loss payee.When structuring a wrap, it's best for the wrap term to be longer than the term for the underlying loan and of course the monthly P&I payment to be higher.