There is a $500 per day penalty, up to $10,000, and imprisonment of up to two years for the WILLFUL failure to file initial or updated timely reports.Where to file the BOIR report?

I will initially be investing in the Decatur/Huntsville Alabama area. 

Yeah, were freaking morons for expecting anything different to have resulted from raising a generation of human cat's......

If you're an LP that meets the requirements for REPS, but you're not materially participating, losses generated from bonus depreciation is unlikely to help you offset non-passive income. 

His goal is for members to generate a retirement starting in 5 yr's or sooner.

However, being two months behind adds urgency and risk, as initial rent payments may delay.

What are some creative revenue generating strategies that you all have explored?

They'll just keep coming back with new issues for you to fix.How to tell if this is a legit mold issue or if it's the tenants problem: initial sniff test goes as follows....did the previous tenants have this issue?

Sounds like it could generate some good monthly income, but it could also be a hassle being that far away and only 1 property.Yes, but we have friends in Fairhope that manage rental properties so we aren't as concerned about that. 

or someone else like CPA etc. should initiate the process?