I've gone through eviction court proceedings, ran thousands of background/credit checks for application, made numerous leases, dealt with repairs and whole house renovations when a few tenants nearly destroyed properties, and worked with property management companies on the HOA units. 

After doing numerous internet searches, it does not come up in any fashion under my name - and this guy somehow got it.

The contract price was $339k less the concessions.The other difficulty for this deal was that the purchase price was well under 1/2 the exit price as the rehab was extreme, therefore, the lenders all had their red flags waiving high on this deal.I met the appraiser and provided (on the day of appraisal, not before) the following information: Comps I pulled with photos and descriptions of each, list of repairs with costs and invoices to back it up on my rehab, and letter of explanation of the acquisition price vs. the contract price.I also had a nice conversation with this appraiser over the phone the following day explaining my sympathy for how hard they have to work and how the HVCC rules have really screwed them.Wouldn't you know it, the appraisal came in at contract price which, in my opinion, was very generous.Then, just before closing and after the buyer had already signed loan docs, the lender comes back with "we need a second appraisal.

Furthermore, if numerous investments are utilized from one debt (loan), the interest must be utilized for the same investment and filed accordingly.Business investment interest expenses follow the same general guidelines but do become more involved.

I interviewed 2 investors with big portfolios in Baltimore recently and can share that video with you if you would like a more in depth explanation of where to invest and where to stay away from just DM me 

Hopefully @Dutch Mendenhall can provide an explanation as to why this is listed as an asset but not corroborated in the title records.

Some hard money lenders want to see a bank statement and will ask for a letter of explanation if they see a large deposit, others wont need to see a bank statement at all, in fact we would only need a stated personal financial statement.

I know Jon said that there are numerous deductions and allowances but can you name some examples please?

Without a full summary of the STR tax loophole for high W-2 wage earners, here is a link to the best explanation and summary I've come across and helped me digest the value of the benefit: HERE In short, the bonus depreciation rate was 100% in 2022, 80% in 2023 and is planned to be phased out to 60% this year. 

The explanation is extremely complicated and unable to be explained simply which in itself is a red flag to practicing financial planners (Who do not stand to gain a commission when selling this product)