Eric,, I think why people go for the fund model is the idea that they are spreading their money into multiple notes being held by the company.. while in theory this is great but as you noted you don't really have any security compared to being the beneficiary of the debt instrument IE debt is in your name. 

It's interesting, but every state has dozens (if not 100s) of "submarkets" that can tell a different micro story.

You spoke of the risk via the county etc but what about the risk of the market dropping during your hold? 

Do these codes get you 20% of their 20% off?

The current status of the market is low end rentals land lords that let the houses look like crap. 

He asked me the following:"I have a paid off rental house that I earn a good chunk of profit on in 2024. 

THank you,Richard  Yes Cleveland is one of the cheapest markets in the USA.

Currently, I have a weekly check in with my current contractor, but alot of time it is a chasing game.

The name on the insurance policy is just the name of the LLC.

The IRS could apply this doctrine if it appears that the series of transactions are structured primarily to achieve a specific tax outcome, such as avoiding taxes.Regarding the 1031 exchange, while in-laws are not considered related parties, the transaction could still be scrutinized due to the complexity and nature of the other transactions involved.