If I have to personally guarantee the loan for my LLC anyway, doesn't that defeat the purpose of keeping me and the LLC separate?

@Nick ColamarinoYes those guys that promote all this never mention state laws.

A better and safer investment is purpose built rental properties, multi plex properties and apartment buildings.SFHs are high priced and high risk based on higher expenses per tenant and higher vacancy impact on investment.  

Find a lender with no overlays and you will find the most flexible loan you can find.And just in case, if your student loans are deferred more than 12 months they do not have to be held against you for lending purposes on a FHA loan.

Disclaimer: This post is for entertainment purposes only.SUPPOSE that I have recently sold a business and am interested investing a portion of the proceeds in either rental properties or flipping.

For all intents and purposes (there is a slight allowance for inflation, capped at 2% even if you experience 10% appreciation in a given year), the property taxes are just as fixed as the mortgage, so they belong on the right hand side of the formula. 

I also am a licensed Real Estate Agent and work for a property management company.I tried reading up on what a "Real Estate Professional" was for tax purposes but left unsure.

I've been working in the government field doing sales/marketing and promoting trades for the past 13 years.  

If the money is used for consumer purpose there are a boat load of disclosures, licenses and regulations you need to comply with.Also, what is the value of the collateral, if should be substantially more than the loan amount or you could become partially unsecured both as a practical matter and subject to cram down or lien stripping if borrower decides to file BK.Also, if you don't have a deed of trust to go with this note it's unsecured, it then becomes expensive toilet paper.Also, you should get the deed of trust insured with a ALTA lenders policy.Also, this may be a personal thing but I like monthly payments, not everything at the end. 

Normally, I use turbotax business and have found this program to be adequate for my purposes.