Makes banks happy, but not what you want if you are concerned about your bottom line. 

It took me 13 months to open a bank account in Belize.  

If the bank prices their debt based on the fed rate you typically see WSJ Prime + 1%.

Hopefully I get a break from loans transferring to new banks/ servicers for awhile, I'm over it.   

But there is a difference between how a real loan officer will speak to you and how someone trying to pretend to be a loan officer will speak to you.FEES YOU CAN EXPECTAppraisal - this is not on the bank and it does not belong to the bank. 

An "investment advisor" from a Bank of America branch strongly advised against it with a passion, which successfully deterred me at the last moment.

Bank Financing How did you add value to the deal?

This is a FREE service provided by the bank, and we have used this account for about 15 years or so. 

The funding comes from people like me; usually there is also a bank loan, which increases the overall return (but adds a risk, obviously).Overall, I am very impressed by Neal's approach.

You technically CAN break it up on Schedule E; however, it is not the best thing to do for audit purposes or an actual breakdown.You should have an operating/partnership agreement together and you should have a dedicated bank account for the property.