Linda,Welcome to the BP forum, it's one of the bes REI sites right now loaded with seasoned investors and seasoned professionals able to help with every angle. 

Quote from @Lonnie Davey: He has lost control of  one of his Texas assets and apparently all of the passive investors capital.There may be more. there is another forum post where the lawsuit against him personally is posted.

lean on these forums whenever you have questions. good luck with your investments.

https://www.biggerpockets.com/forums/51/topics/1113749-cost-segregation-faq

I'm partial, but the multifamily section of the BP forum is the best.

When you add books + podcast, your time in the forums here learning, AND in-person networking and relationship-building with real-life real estate investors, you will gain more confidence in the reality and soon be in the starting lineup.

Best of luck and don't hesitate to ask here in the forum if you need anything!

Read this:https://www.biggerpockets.com/forums/51/topics/1122635-the-s...Cost segregation for your LTRs/MTRs may only be beneficial if you have a spouse who can qualify for the Real Estate Professional status, and then for one year only.And you're right: business is more important than taxes.

The bottom line is that if you want to get into STRs, have a good plan, read everything here on the BP forum and ask some good questions.

Hey BP Fans - I've never posted in Forums before but I enjoy reading some of the content.