A great place to find local networking groups is in the Events and Meet ups section of the forum.

That said, no CPA worth their salt would take a wrong position just because they think the chances of it being audited are slim.Interesting nugget - the IRS even has a form for disclosing to them in the event that you think you are taking a position that is contrary to IRS guidance - Form 8275 - and if you validly disclose your position on this form you can avoid penalties if the position is overturned. 

I appreciate what you’re saying and agree that it’s wise to be careful and document everything in the event of a fair housing violation claim.

Did that event create any buying opportunities for you?  

Shoot me a DM if you want to network and please invite me to any local events!

Hey @Deborah Williams, Multifamily Live is a virtual event from May 9-11th.

Sure the underwriting can be done in a way to ensure the LTC is low but do you really want to own that asset in the event of a default? 

They can not pay off the note in the event of a DOS and most can't even afford the monthly payment of the loan they are supposed to take over.

Beyond the Monthly Management, Placement & Maintenance fees, all other fees in our contract are IF EVENT -> THEN fees.

A lot of depreciation can be a bad thing if you have a large recapture event a couple years later.