Neither the authors nor the sources cited can be held responsible for any losses or damages resulting from the use of this information.Feel free to reach out if you would like to invest in the Birmingham market.

Now, I would pick my battle and perhaps find a win win for this, but this is a win and a loss for everyone else. 

That is a big loss. 

If you search these forums you will find countless syndication investors burned by paused redemptions, loss of most or all of their principal, investment promoters disappearing, etc.

If the roof was damaged by wind since you purchased the home, that should be a covered loss. 

His takeaway from his loss was that all debt is inherently bad and people should only buy investment homes in cash. 

Do you have the skills needed to manage it well and prevent losses?

My W2 income is >$550k/year, if I build an RV/Boat storage facility, will my storage business expenses/losses be able to reduce my W2 taxable income? 

Before I purchase an insurance policy I wanted to seek some guidance on the best way to proceed.I received 1 quote so far for a HO3 policy that has 600k+ of dwelling coverage, 70k of additional structure, 450k personal property, 200k loss of use, 500k liability, and a few extras like equipment breakdown, water backup, service line.

Why did your CPA suggest that you need to break out the income / loss by each unit?