Check out other online guides available here: https://www.biggerpockets.com/guides3.

But...As a broker, I will only issue a POF if I have personally reviewed the borrower's liquidity and can state with confidence that they have enough funds to close. 

@Ian M.For the owners hiding behind the bare trust agreements, you can pull up their names by doing an online search for "David Baines: Real estate investors settle class-action lawsuit" Mr Baines before he retired was a business columnist for the largest newspaper in British Columbia, the Vancouver Sun.In this article you can see the payment the defendants (who I am talking about) had to pay out to the plaintiffs.

Assets identified in this study include:Bathroom Fixtures: Bathtubs, vanities, showers and toiletsStructural Components: Drywall, wood framing and interior partitionsBuilding systems: water heater, electrical distribution, HVAC, plumbingInterior Construction: Wood flooring, stairs, ceramic tileSmoke detectorsThis engineering-based cost segregation study included the following methodology:Physical Inspection through a site visitDocumentation review including architectural plans, accounting records and construction documentsA cost analysis which utilizes engineering principles in order to allocate costs to their applicable asset classificationsCalculation of the depreciation schedule using MACRSAs a reminder, bonus depreciation started to phase out in 2023.

Unfortunately as good as TurboTax and other online softwares are, they don't always pick up the most beneficial items with rentals.

@William CoetHave you spoken to an attorney to review the documents?

Wondering if you have any particular online companies you recommend that checks evictions, credit reports, collects rents, provides a lease, etc... all in one place. what are some of the pros and cons you have experienced with each company. thanks

Again, refer to your lease (if reviewed by a lawyer, I hope), and your state & local laws.

Beyond these details, I’m excited to dive back into the basics and beyond—open houses, expired listings, online marketing, and more.

When we review Tenant applications that are section 8 subsidized we are struggling to get a good handle on whether a Tenant is financially fit.