I'm extremely skeptical about it because even though I've researched and read and watched other people talk about it, I don't understand it 100%.My greatest misunderstanding is this: what are we trying to use BTC for?

A well written management contract should clearly spell out what is expected of both the PMC and the owner, to PROTECT both and avoid misunderstandings.

A well written management contract should clearly spell out what is expected of both the PMC and the owner, to PROTECT both and avoid misunderstandings.

A well written management contract should clearly spell out what is expected of both the PMC and the owner, to PROTECT both and avoid misunderstandings.

This will help prevent misunderstandings and ensure that the project runs smoothly.

A well written management contract should clearly spell out what is expected of both the PMC and the owner, to PROTECT both and avoid misunderstandings.

A well written management contract should clearly spell out what is expected of both the PMC and the owner, to PROTECT both and avoid misunderstandings.

STRs cannot be thrown into the same aggregation election that you use when qualifying for REPS.The only way to unlock STR losses is to pass material participation, and pass it specifically for STRs.Myth 6: STRs are reported on Schedule C instead of Schedule EThis myth comes from misunderstanding the IRS instructions that were specifically written to be confusing.

A well written management contract should clearly spell out what is expected of both the PMC and the owner, to PROTECT both and avoid misunderstandings.

A well written management contract should clearly spell out what is expected of both the PMC and the owner, to PROTECT both and avoid misunderstandings.