But there is no way that we can have $10.7 trillion in national debt with trillions more added to it by way of stimulus & bailouts, coupled with another $59 trillion in unfunded liabilities (social security, medicare, etc) and not have significant inflation.

Health Care: Full Access to your Medical Records Nationalized Banks = Government FULL control of your money & TOO much influence on the lawmakers.We are already headed toward socialize medicine which means some suit behind a desk will have the final say in what treatments you will be allowed to receive.

If you have a W-2 job where you already max out on the income subject to social security, then the self-employment income taxes on your sideline business will be limited to 2.9% for medicare.If this is the case for you, then it is hardly worth the cost and effort of maintaining a corporation to avoid so little self-employment income tax.

Looking forward to cooresponding with other "Social Entrepreneurs" in Real Estate.

Medicaid and Social Security are also broke.

If you can't find a buyer in that amount of time, you may need to consider signing the house back over so you're not making a big monthly payment.If the seller could afford three more months payments in full, they would no be selling or desperate to sell and taking the deed only to give it back is not the best way to improve your status as a successful adn professional investor in my opinion.

I am not there so I shall keep quiet next time.Make sure your package has everything the bank needs: usually a form from their website listing their expenses and income, 2-3 months of recent pay stubs and bank statements (more is better as it will take a while for a file to run its course), child support if it is being included in their income to show affordability, social security or pension income if it is being used, authorization signed by the home owner so you can speak on their behalf or they won't even speak to you, 2 or 3 years of tax returns if they are self employed and a hardship letter should be a good start.

Or would being under an LLC automatiically give it RE pro status?

How you act on the course and social situations also says a lot about you.

Any self-respecting social network would have banned this person, just as we did.