@Brandon Callahan for budgeting purposes I use .90c per sq ft.

@Deepak Manohar I wouldn't unless you want to make real estate your passion or purpose.

We are not real estate professionals (tax purposes)This move will generate a large loss for tax purposes - I understand as non Real estate professionals we can only deduct up to a certain amount of losses each year ~3k with carryforward. 

But the theory goes that if you are making your payments on-time, the lender will not take action; and in theory they should understand it is for asset protection purposes.  

If the property is within an entity I recommend opening an account in that entities' name, especially for tax purposes to avoid mixing with personal funds.

Yup, only Goldilocks get to use Freddie Mac Home Possible to get a 2-4 unit with 5% down after July 2019.Everyone else either a) makes too much money to use the program (but has the income to support the amount you need to borrow for "normal mortgage purposes"), or b) doesn't have the income to support the amount they need to borrow (but is below the income limit for "Home Possible specific purposes").You have to somehow satisfy both requirements.

Typically operators who have a good track record don't need additional KPs which is the ironic thing too.

Long story short, not only did I commit the rookie mistake of paying for the remaining work in advance to the sum of $2.2k of which the work was never finished and no refund provided because of a sob story I won’t delve into.This gentleman was a foreigner who was legal and had a social security card for working purposes.

Account Closed Ironically I did due diligence on the HOA last year when I bid on the property that I eventually lost.  

It would serve the purpose of having access to funds for an emergency, but would reduce the cash drag on the portfolio.For what it's worth, I hold another $20k or so in personal cash reserves that are separate from my real estate accounts - in case I lose my job, etc.