The 18% rate from the lender is the same as our preferred return.We consider this more a bridge loan as it gets us to the pre-sale stage, and we can use pre-sale funds to pay off this debt position, essentially refinancing.

In exchange he pays me a chunk of money to essentially cover the equity gap. but mortgage is still in my name. 

So seller's need to be realistic that their home is worth $X00K, and the co-living I'd 'buy' for the value of the furnishings essentially.

An asset protection plan helps limit exposure, protect your holdings, and provide a stronger position in case of disputes or claims.To move forward with confidence, it’s essential to work with experienced professionals: a real estate-savvy tax advisor and an asset protection attorney who understands your goals.

I think he will really be essential to making sure the business side is operating smoothly and that this will ultimately be a success. 

I echo the sentiment that getting your credit up is going to be essential to your long term success as an investor.

Essentially, they want a month free or they won't cooperate. 

We are essentially talking about a potential wholesale deal but to an end user.

However, for the sake of time and approaching future deals like a business, hiring is essential.

Understanding your depreciable basis:Imagine you bought a property for $2M.The land (excluding any structures) is valued at $400K.Since land is not depreciable in the eyes of the IRS, we subtract the land value from your purchase price to get your depreciable basis.Your depreciable basis is simply where a cost seg engineer starts from when allocating your eligible assets into either 5, 7, or 15 year property.In the scenario above, your starting basis would be $1.6M since your basis = your purchase price - the land value.Having an accurate land value is essential to getting your depreciation/bonus depreciation calculations right.This is the starting point for any cost seg study that you do.