Because there is so many novices who jump into STR without the skill, knowledge, ability to actually operate it and rapidly are bleeding-out.

I successfully operate a small portfolio (3 duplexes and three single families) out of state and a good  property manager is essential. 

You operate a trade/business - then you have all deductions AND an obligation to issue 1099sB.

Mining operations are ramping up quickly, so the supply is increasing.

But unless their businesses are structured very carefully they're no operating in the clear. 

Since you have bought a foreclosure before, at least you have experience with the liens and the process, but you won't get a final tally of the liens unless you can get your title company to run soft title search for these things in advance.Closing on a foreclosure anywhere in Brooklyn seems like a nightmare to me from an operational end.

But honestly, there are multiple (mostly all) operating illegally.

Post your virtual meetings under Classifieds forum:)

So once you invest, you're added to the operating agreement of the company and you would now own a percentage of the company's assets - in this case it would include homeowner payments, bank accounts, REO's/properties, as well as all of the notes in the fund.The biggest risk of any fund investment is that you could lose some or all of your investment principle if the company were to go out of business.

The main reason is other buyers who are better able to pin down operating costs will either outbid you because they have their costs right, or you'll outbid them because you have your costs wrong.