Quote from @JD Martin: Quote from @Elizabeth NA: Good evening Alesa, I am reaching out because I would love to speak with you about your experience as I have found myself in a VERY similar situation with Cyrus Gordon and have found he has been sued over 5 times in New jersey including from me.

Keep us posted on how that situation goes for you.

@Monty Alston sorry to hear about the tough situation that you are in but glad you are being proactive about it.

That is lower than market and puts you in a cashflow-neutral situation, but it is unlikely your residents can afford that.

Quote from @Garry Lawrence: I need advice on a serious situation involving a property I’m about to buy.

I think I'm in a pretty unique situation and am trying to figure out the right hoops to jump through to move forward.Long story short, I'm trying to tap into the equity of the rental property passed down from my grandparents that is held in an S-corp which is co-owned by myself, my siblings, our cousins, and an idiot uncle.

My current situation is that I always flip with other people’s money.

This would be from the same carpet company I used when I fixed up the house, so not trying to gouge them or anything.I'm looking for some guidance in this situation, pitfalls I could run into, or just straight up illegality.

I’m building my network of cash buyers & would love to connect with investors interested in multi-family properties, value-add opportunities, & off-market deals.If you’re actively buying or simply want to expand your network, feel free to DM me so we can collaborate &/or just discuss the possibility of working together on future ventures.Looking forward to connecting with like-minded investors & creating win-win situations!

So the question becomes based on their individual and personal tax situation what is the estimated tax burden they'd save?