Dave Meyer and Henry Washington shared their opinions on purchasing a deal sight-unseen in yesterday's episode of the BiggerPockets Real Estate Podcast: How to Buy Multiple Rental Properties a Year (Is It Possible?)

Circuit Court of Appeals late Thursday reinstated a nationwide injunction that had been issued earlier this month by a federal judge in Texas who had ruled that the Corporate Transparency Act was unconstitutional, Reuters reported on Friday, thus suspending the deadline once again for most reporting companies to file beneficial ownership information (BOI) reports with the Financial Crimes Enforcement Network (FinCEN)."

This is the form any lender should use to calculate you income (ignore the branding, it is the same for every lender):   https://www.biggerpockets.com/forums/49/topics/1224525-fha-l...You will see what you can add back from your 1120 based on the % of your ownership. 

Thanks for sharing, always an insightful eye Collin. 

My goal is to move more onto the ownership/management side of the real estate industry as soon as possible, but am not sure the best way to go about making the switch.

Any other advice, or pieces that you think I'm missing - I'd be grateful for any and all wisdom that is shared with me. 

Take ownership of your mistake and learn to do the proper due diligence recommended above😊

Thanks for sharing!

@Chris Seveney - Chris I know you know this, but sharing this for a lot of less experienced investors out there. 

I'm sure OK has its share of dumps but you really have to drive around FL to truly appreciate how much low-cost housing there is.