However, I’m wondering if I need to engage an Attorney a borrower has missed a payment and it’s time to send a Notice of Default.Must the Notice of Default (NoD) be a letter sent certified mail or would an email sent to the borrower notifying them of non-payment be considered sufficient as a Notice of Default.

I wonder if anyone else has heard about this lawsuit. are Sub To creative finance deals highly illegal or litigable in the multifamily space? 

Note that if you are married filing joint, only the spouse who is qualifying for REPS is able to count their hours.Step 4: Apply the quantitative testsPer Section 469(c)(7)(B), in order to qualify for REPS, you must meet both of the tests below:750-Hour Test: If you materially participate in a real property trade or business, you must spend 750+ hours during the tax year.More Than Half Test: You must spend more than half of your personal service hours in the real property trade or business in which you materially participate.Step 5: Material participation in rental activities Just because you qualify for real estate professional status does not mean that your rental activities are automatically considered non-passive.

I manage furnished rentals in North Dallas, Plano< Richardson-- but we rent out the whole space.

When you're responsible for customizing the layout you can get more creative and find extra space a builder missed out on because they wanted to include some type of flex space or amenity room or it just didn't fit their box.

Also note the condition of the unit, room by room, on the move-in check list.These are your primary defense EVIDENCE exhibits to be presented in court to counter the tenants claim(s) of non-habitable condition.

@Matt Huber I think you know your answer already Direct real estate ownership should compensate you appropriately why else be in the alternative space.  

A pro tip is if you call shared office spaces or co working spaces in your city they also offer virtual mailbox services at usually better prices than the national ones!

Although they can't leverage the losses to offset non-passive income, like someone with REPs, there's still the opportunity to use the Suspended Passive Activity Losses to offset cap gains on sale or offset other passive income.

Also I never buy anything from anyone on facebook, while you may think "hey whats $20", its learning to know who is and is not honest in this space and people like this typically are not going to be honest.