Risk is part of real estate investing, and sometimes the best looking deals end up being terrible decisions that injure our wallets and our pride.That said, the other side of your dilemma is the dream house.

They person you are talking to at the lender is not the person making the underwriting decision whether you get the loan or not.

I want to make sure our expectations are realistic and this is a well thought out decision for us.Thank you in advance to anyone who offers insight/advice/thoughts!

QUESTION #4 Would it be a smart decision for the tax purposes of losing our personal home deductions in our taxes compared to the benefit of depreciation and others tax benefits with the LLC.

Make all the decision. 

Trust your gut on this decision, often times it will be correct.  

I’ve got a great contractor that helps me make a lot of decisions because not only is he in the construction end of the business but he also has some of his own property and manages some for others.

If there was a trust established, sometimes there is a decision maker for the estate.

I’m usually very decisive but I’m currently in a quandary.

You should analyze a few markets, make a decision, and find a good investor friendly agent.