Federal Tax Benefits: You can claim depreciation deductions and may qualify for credits like Low-Income Housing Tax Credits or New Markets Tax Credits for eligible projects.3.

Be skeptical of the developer's claims, as your property's value likely won't see substantial growth until the entire development is completed and sold, which could take several years.

If not, ignore their claims!

One of my partners found them via his neighbor he claims, however he hasn’t been forthcoming about several things so I can’t say for sure.

Here’s a deeper look:Legal Framework: The state likely took control due to unpaid MassHealth bills, which means there may be liens or claims on the property.

We have life time losses to uncollectable rent/financing payments to prove we back up this claim.   

We haven’t really felt the effects of it yet but I think that is mainly due to the timeframe it takes for them to process claims and emotions from the devastation.

First time in 3 years we have had to file a claim with over 150 airbnb stays.

If they did no due diligence, for a 506c it is up to them to verify accreditation but also do not think if the deal goes sour that you can claim you did not know, as its also up to you and you knowingly filed a fraudulent subscription agreement by marking you are accredited.Two wrongs do not make a right. 

Based on your experience, would you agree with that claim?