Hey guys!

Hey guys! 

I would be coming in through an LLC, so feel comfortable with liability protection as it relates to other assets, but still, will be on title, so there is exposure.As a real estate guy I'm still in growth mode and am having a hard time swallowing the dst pill. 

Especially if you/PM have photos, videos, police report, etc of the home before and after this guy came through, creates a damning story/video.

What you guys probably do not realize is that you cannot generate ANY tax loss when you rent out part of your house.

I will be in touch in the next few days to discuss the details on the foundation repairs and see what you guys can do.

I'm curious how other people approach this to let others know, "I'm the local guy who wants to reinvest into our shared community." 

But I had a guy back in 2010 or 11 ask a question about selling a house at a loss of about 40k or keeping it even though the rental income was barely breaking even if not losing a couple hundred per month. 

The guy is now 44, the last conviction (assuming it is the same guy) was almost 20 years ago. 

Thank you for the input, please guys I am not whole selling anything. just bringing buyers and help them with the deal, I am underwriting the deal making sure numbers work for them, advising potential problems, provide market inputs, giving advise if forming syndication, negotiating deals via subject to when needed so I am not acting as a regular real state agent who does not do any of this.