Unfortunately, this problem waste a lot of my time that could be spent on other investments.I have used the same tax professional for many years and he is very educated, but also much older than me and it's hard for me to understand all the reasons he has expressed why is better to put the rental on my personal tax returns.

Education.

I will say that I do know people who have worked with Lee in the past and like his educational programs.

Upon further investigation, I found several more properties under similar circumstances.At first glance, it seems possible that these properties were either gifted to the nursing home by former residents or claimed as repayment for services rendered.I’m new to real estate investing, I’ve been in the education phase for the past 2-3 years.

As the borrower, we had to educate the lender and Lendbase how the liquidity requirements really worked.Lendbase presented a lender to us that did not charge a prepayment penalty.

Does that mean that education doesn't work too and is a bigger scam that what you are making this out to be?

Educate yourself with books, podcasts, and market research, define your goals, and build a team of professionals to support your journey.

Real estate is NOT a passive investment and requires lots of analysis and education.

They typically provide education and also have classes/courses to take.

Not saying it cannot be done but be aware that these programs I have heard good things about but also recognize timing and you may have a great education but bad time to implement