But they approved me way to fast without enough questions so even though it was only 10k I just felt I would never get the loan and lose my 10k.. had another scammer drag me to NYC for the dog and pony at least I got a trip to the big apple out of it :)

There are no quarterly reports. 2024 q1 and q2 are over and the storage fund has not issued any distributions because the income statement is losing cash.

(you do not pay the taxes you lose the house, and you do not pay the insurance the lender will put insurance on the property for you)  Assuming the properties are showing up on your tax returns the income/loss will be calculated from the returns using this form:  https://content.enactmi.com/documents/calculators/Form1038.C...The form will allow you to add back your paper loss of deprecation on your returns as well as your property tax, insurance and mortgage interest deduction as those last three are already taking into account into your payment as mentioned in the first paragraph.

If the deal collapses and I would lose everything, I'm out.

I have yet to lose against a landlord and I have litigated these exact clauses over and over again.

If you were competing against us... a friendly respectful, professional-behaving couple that didn't monthly harass them like a desperate maniac you will lose.4.

And year 2 through 5 now lose $200 of depreciation expense causing taxable income to go up for each of those years.

If you don’t lose it all getting thee, we all end up at the same place assuming we live long enough. 

And especially with flipping, where time is money, the idea of holding a house longer just to hit a stronger time of year is probably a losing proposition.  

Otherwise you spend year 1 paying yourself back for the furniture (if you're lucky) and then hope to make a profit in year 2, only for your lease to possibly change terms, losing all of the time you put into building your brand.