Do I understand correctly that we are required to elect to be a qualified joint venture or to file a partnership return?

I understand this is not a requirement, but I have never received a damaged unit from an inherited tenant or any legal issues.

Perhaps one day, I will come to understand your business model, whether with NextLevelEquity.com, or Goodin Development.

What you want is an agent with experience who knows how to negotiate, watch your back, navigate difficult situations, understand contracts and law, provides an objective cross-check, etc.

IMHO the key is having an agent on the buy side who understands the process and can make some magic happen for you. 

@Erick Pena please understand that buying rentals is NOT passive income!

Investors should fully understand that Section 8 is not a cure-all for Class C & D tenant challenges, it's just trading one set of problems for another.We see too many investors not doing enough research to fully understand all this and making naïve investing decisions.

There are so many great strategies to help you scale your portfolio, so I understand your desire to find the right plan and avoid mistakes.

If it holds up under these conditions, you've got a solid investment—better safe than sorry!

Translation: you helped your client to protect their cheating against the state assessment.I understand that your client, as a result, avoided paying $45k.