The practical issue comes to who the bank can recover from after things go bad and personal guarantees help the bank to solve that.So, for example, you can open an LLC or whatever business vehicle, but practically, banks aren't going to loan you unlimited money since a fresh company probably has no business history/assets.

I’ve been an independent contractor for about 6 months, and am looking to buy my first property but am having trouble securing financing due to that I don’t have two previous years of 1099 tax forms (because I’m fresh out of college).

UPDATE: We ended up closing around 8wks instead of their requested 2wk, due to one of the 2 owners/sellers' power of attorney papers being from while he was on vacation overseas.Only the front door keys were given, so we had to change the back door locks/keys.2 weeks after closing, various agent were still walking around and into the property's rear where we were gardening, and showing us on their phones that the property was still listed for sale and 'Active' on c21.com by Agent-owner's listing broker.Was wondering why they never updated it still yet - not pending, not in contract, not even sold after the sale til i complained to the broker people were walking in to inspect.Wonder if there are fines for not updating listing status, and who imposes them - MLS, CalBRE, or?

Use it as a lesson and start over fresh with your next tenants.

This protects you in case the tenant leaves a garden hose on and runs the bill up to $300.

I'm looking at a house in Bremerton, WA that is a toss up between renovating it, and blowing it up and starting fresh.

I understand you are taking care of their property, keeping it stocked with food items, toiletries and fresh linens.

Now I have a notebook so I can keep this information fresh for later research on my own.

The drawback is it does not look as nice when it is fresh, and is more difficult to touch up. 

We are kind of out of idea's so I hope someone who a fresh mind can maybe point something out we aren't seeing or maybe share a similar story.