You could still guarantee the note in any capacity.

I have a good job, for now, of course, no guarantees, worse case I have to pay taxes on the amount withdrawn and a 10% penalty if I lose my job and did not pay it back, so there is some risk but seems lower than the HELOC risk.

If, in this case, they might be moving against the personal guarantee since it is in default.

Now I'm sure they have guidelines, and if your expenses and depreciation are outside their guidelines, they will look more closely.I will argue a 1% property is almost guaranteed to be a money loser.

I guarantee that the realtor won't remember that she claimed you could rent rooms to students if the building or zoning department says otherwise after you buy the property!

Sure you can.I have a LOC on two of my businesses and I had to personally guarantee them.The lines were based on my credit and not that of my entity's.You can also get credit cards in your company name with your personal guarantee.

I guarantee it will not be $75 - $100.

Apparently section 8 will guarantee the mortgage and several banks will finance the programs.

The guru's who say "pay me $2,000 up front and I guarantee you will make 200 times that amount in 10 days" are the same guys who will not let you work it off.

They guarantee to double your sales in a year, and Michael Gerber of E-Myth calls it a "gift from God", Dan Kennedy, and everybody else and their mother uses it.