Each year I have a handful of new or prospective clients come to us that have done some real estate investing with their qualified accounts, and in literally every single case they were doing things wrong without being aware (or just pretending to us they didn't know) that they were not following the rules - prohibited transactions and/or not addressing UBIT reporting. 

This is an area that is certainly tightening up lately - almost more so as a protection against fraud (borrowers that can't qualify for a owner-occ conventional loan so they pretend to buy an investment property to get a home), but also just risk in general.

A lot of people bury their head in the sand as they would rather ignore what's coming and pretend everything is fine VS prepare for it.

Also, something I don't pretend to grasp is the fact that bonds are paying 5%, dividens more and the stock market in general is even better.

Let's pretend for a second that 1 door = 1 house.That is 50 HOUSES you need to buy.Impossible?

The person at the open house has no authority to make policy changes and wouldn't pretend to do so.

Pretend you magically raised rents $100 (like next year.).

Even if we pretend 10 years payment dosn't pay 1 cent down on the mortgage, under this plan your net returns is $820,894.62 vs Dave Ramseys "I can't control myself" plan of $120K, a $700K difference.

I know I pissed off the 2 buyers agents that wanted 3 %  for bringing a buyer when I told them lets pretend its July and since you work for the buyer any payment you get is between you and  them . 

He has already submitted an application through Zillow, and we have the contact number of his current home manager.Please let me know if it's still a good idea to ask the potential tenant for a recommendation letter from their current landlord, or if calling the manager would suffice.By the way, what should we do if the tenant has simply provided a friend’s number, and the friend pretends to be the landlord or property manager, or if he just make fake letter?