If they don't sign the lease and start paying rent by the agreed date, then I give them a warning and 48 hours to comply.

Everything I have read has warned about licensing/regulatory issues only if I am lending to owner-occupied.  

The IRS has issued a warning to Tax Professionals to beware of scammers that are trying to steal business and taxpayer information.

I only mention it to warn you that there're MORE restrictions than just the "passive activity loss" rules that you must have heard of.One very important concept to remember, and a beneficial one, for a change: restricted (the IRS calls them "disallowed" or "suspended") losses are NOT WASTED.

We try to warn our buyers about this and to use one of our trusted resources that is normally local, in the business for years, super knowledgeable and has a local reputation to defend and maintain. 

., did the property manager warn them about this last time.

I think it is my duty to warn other business owners and investors of the fraud, deception, and corruption happening under Ashesh B.

It is insane to me that most do need my warning. 

Thanks again for the warning. 

A warning however is that all HMLs are not created equal and if you find one that wants money upfront and promised to fund any deal, hang up and keep looking . . . you will see a number of newbies get scammed in this area.Good luck and feel free to reach out with any questions