If I had 200k equity, taking 50k seems safe, but not 50k equity and using it all.

On top of that, NAR have not said or sent any instructions to his members on how to safely proceed with a real estate commission beginning July 2024.

Just be sure to include Sec. 1.263(a)-1(f) de minimis safe harbor election when you go to file your return to be eligible for this type of asset treatment.

Are you going to buy large commercial properties with safe returns... are you going to be residential properties for buy and hold rentals... are they single families that will appreciate or multi-families which don't as much?  

I’m purposely self managing this unit to learn the good and the bad… safe to say that’s happening haha.

The neighborhood is critical so you're smart not to purchase in an area that isn't safe to live in.

Then I assume major damage, just to be safe if he won't allow an lookee see first.

I agree in that the easiest way to go about this is to sit him down and in your best manner state that there are inconsistencies and you'd like additional documentation as you do have an obligation to uphold (in keeping the current tenants safe and ensuring this person is who they say they are).

A few days ago, I bought a really cheap property in a semirural lower-middle class, but generally safe area.

Hi , hope everyone is safe and healthy .