You will have spent real money to get financial reports that likely show a combination of mismanagement (but likely not illegal) and general inept business decisions, which still won't get you money.I am sorry you had this experience.

I don't have any specifics but as someone who is into tech, accounting/finance, and a consultant to grow businesses.

One thing I wish I knew starting out was the true overhead of running a RE business it can be pricey if you don't run your numbers right.

It's too much like the hospitality business rather than a rental. 

Shaq doesn't get half the credit he deserves for his business savvy.

Hey all,Just wanted to introduce myself - bought a duplex in Los Feliz over the summer with a few business partners and will be renovating the property while living there.

Just don't forget that this is a cashflow business more than an investment.

@Eric E.UBIT only comes into play in an IRA on leveraged real estate and running an active business.

Quote from @Griffin Malcolm: Open an LLC and apply for a small business line of credit from Key Bank.

Continually communicate clearly with all parties involved to make sure that expectations are as close to realistic timelines as possible.