If I were a tenant I would feel disrespected and insulted if I was law abiding and following the rules and someone rolled up in my home with a weapon.

@Sharon McCants Yup around the 100-150k/unit mark can get you into a solid B area here that'll hit the 1% rule in most cases.

I won't name that company, but I will highly recommend mylandtrustee above ^.One huge perk of Land Trusts and part of the reason we used them for the JV BRRRRs was that ownership percentages could be changed through the project by reaching out to the trustee and doing some straightforward documentation.  

As a general rule I like to buy the worst house in an area and make it one of the best.

To qualify for material participation, you generally need to meet either the 500-hour or 100-hour rule.

However, over the last 20 years there have been some favorable plms and rev rulings (particularly surrounding trusts) that owning a membership in an entity and converting that to tic still equated to the same level of ownership. 

Thanks for the straightforward reply, I don't have an interest in MTR's as I would prefer to buy more LTR's at a lower price point instead.

Is anyone familiar with the rules in Jacksonville?

well. lower tax's generally helps RE and business as a whole. will have to see if they come up with something specific like the cost seg rules that are redy to sunset.

SEC is still finalizing the rules.