Consult a Professional Why: Insurance disputes and tenant issues can escalate quickly without expert help.

Readers should seek professional advice.

You Can Only Have 35 Non-Accredited InvestorsRule 506(b) allows an unlimited number of accredited investors but restricts you to only 35 non-accredited investors.However, there’s a catch:Non-accredited investors must be financially sophisticated.They must have enough experience to evaluate the investment risks.From the SEC:“Securities may not be sold to more than 35 non-accredited investors… [who] must meet the legal standard of having sufficient knowledge and experience in financial and business matters to be capable of evaluating the merits and risks of the prospective investment.”If you’re planning to include non-accredited investors, make sure they qualify—or you could be violating SEC rules.3.

However, many tax professionals believe that you still DO need to file this return in order to preserve your losses for future use when you eventually sell this rental.Your worse problem is California, not Ohio.

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

These are professionals with additional training and a stricter code of ethics.

In my understanding, I thought most high quality syndication opportunities were open to accredited investors only.

They are considered one and the same as it pertains to culpability,responsibility, or liability.Just because I hired someone to provide a service to me is NOTconsidered the same as my relying on "professional advice" (froma certified or licensed professional) which might avoid thecauses of tort listed above.Check with your local Real Estate experienced legal advisor.

Also, some loans (like FHA & VA) are assumable, meaning you can take over the seller’s low-rate mortgage instead of getting a new one.Mid-Term Rentals for Better Cash Flow – If long-term rental numbers aren’t great, look into renting to traveling professionals, medical workers, or corporate tenants.

I nice, income producing apartment complex Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?