I tried a big out of state flip due to living in a HCOL area and it failed miserably because I couldn't keep eyes on it and didn't have a good/honest team in place.

I'm sure they're legitimate company, but investors should just watch their 6 and make sure the process follows this order:- Docusign (fully executed)- Wire Money- Follow Up consistentlyIn my situation, the company failed to send a Docusign while also setting a deadline for signing was communicated. 

If they fail to handle it, I will do it and charge them for my time.Another change I made was to add a no-deposit option to all my residential rentals.

Later on people heard him saying that he wanted to kill himself due to all the failed deals.

CPAs often advise against pursuing this designation unless the time commitment and documentation are robust, as failing to qualify can result in IRS audits or penalties.The 500-hour rule pertains to material participation in specific real estate activities or businesses.

And as my core commercial banks understood that I doing everything i could to protect them.

@Glenn Banks ok can you tell me more about it?

Some banks recorded assignment behind our loan other banks just held the orginals in their vault along with an alonge.4.

Maybe you fail and only get one property in 2025.

Mark, the good news is there is not any banks doing this.