Reasoning being is because simply put, the bank is not you.

It simply is a metric to measure that your odds of getting a return are better.

Keep in mind that you will be running a business at this point, not simply renting out a house. 

These particular youngsters - have seen many of their cousins, siblings or other relatives, fall into the pitfall of BAD Decisions and simply blow this money quickly away.

Thanks  The way they determine the rent for each unit is kinda like this Interesting 😂.

So simply it almost seems silly when you read it but when you realize its addressing the things you're talking about here.

To qualify, taxpayers must meet specific criteria demonstrating that they are real estate professionals who materially participate in their rental activities.How to Navigate the Rules:Step 1: Identify your real property trades or businessesHere is a list of activities that are considered to be a real property trade or business:RedevelopmentLeasingConversionConstructionReal property developmentReconstructionOperationRentalBrokerageManagementAcquisitionIf you participate in multiple of these activities, you may be able to combine them making it easier to meet the material participation hour requirements.Step 2: Demonstrate material participation in real property trades or businessesThere are seven tests to determine if you demonstrate material participation.

Does it have to come from an Attorney or is that simply the best way to ensure Notice was given and to minimize issues if Foreclosure is necessary? 

Looking to get some feedback on the quality of the course curriculum.I see he’s a renowned and respectable individual in the industry, With so many courses and programs out there, im looking to Narrow it down to a handful of people to learn from.Joe has caught my attention because his implementation of BRRRR and section 8 investing is simply genius.Any feedback would be much appreciated!

Based on the story they told me it sounds like the parents are effectively homeless and I suspect they have simply moved them in without permission.