The problem is a gun just like any external weapon can give the person carrying it the false sense of superiority.It amazes how many people practice with a gun yet a gun is not allowed in a ton of places nationally.

IF investors are advised before making their investment that there are risks and problems can occur, then the sponsor should be able to keep investors informed of problems without “shame of failure”.  

Compare those owners with younger owners who have higher incomes and more desire to build large reserves for the future with the older folks who won't see the future and you can see the problem.

And it needs 40k in work and the ARV is 55k.Project cost = 50k - 60kARV = 55kThere's no profit margin for a lender to feel comfortable even thinking about a loan.The problem with these micro price points is that almost no lender wants to even be bothered with them.I always tell people if you have 30k, then you can do a low price point deal in a market from Pittsburgh to Indy. 

This is an excellent platform for networking and enhancing your knowledge.

I have the time to try and find deals myself so that's not necessarily a problem.

The big problem here is if the quality of work is no good.

Quote from @Rud Sev: Hi Michael,Thank you, I will message my CPA asking for a more detailed explanation.I've been inquisitive with my CPA, but unless I ask question I do not get explanation (and unfortunately not a walk-through), although I've shown interest understanding this further and further.I'll try to reformulate my question more clearer (and with more data) - the problem that I have and will have is figuring out if my questions and confusion are due to a lack of understanding on my part, or my CPA is truly making mistakes.Regarding carry back, thank you for this info.

The problem I have about 120K of equity in the house that I would like to be able to access to put into some multifamily deals.

I have stayed at many STR and have never had security system that I have access to and it hasn't been a problem.