My opinion is that you don't bet against yourself.

It is a small mobile home park needing sewer drainage work and gas lines and meters.

No developer is in business to hold property any longer than he/she has to unless there are reasons to do so that will positively affect their bottom line.

40% max LTV seems a little stiff but 60% doesn't seem out of line.

You can bet that all the sovereign wealth funds that are making investments in these companies are making a return.

The FDIC will end up haveing to tap its line of credit

I'm planning on having properties in LLC groups owned by a corporation, my hope is that it will limit liability to each properties.The biggest thing i've learned in the past year and a half has been underfunding investments, our apartment complex has cost us greatly from unexpected repairs, thankfully this secured line of credit will allow us to have more than 10 times the expected ammount(s) to rehab each property per time.

It's been a long time since I filled out a CA form 520, but I'm pretty sure that it, and every other state form, just take the INCOME line from your Federal return and move it onto the state form.If the AGI on your 1040 has nothing on it to reflect the income, your state form won't either.You say the lot is "maybe" worth more.

You're not collecting the rent, but still have all the expenses (well, hopefully you don't have to evict yourself, I wouldn't make any bets about your friends)You will never be able to get a loan in an entity without a personal guarantee.

But stillI can not refinance, I can not get home Equity line of credit,(because banks don't give on investment properties any more even on the ones that I don't have any mortgage.I can not declare any of them as second home because all of them occupied and I live close by (according to guidelines) I applied refinancing for one of the properties that I don't have any mortgage on.