I suspect they drew you a flow cart and then your conversations went something like this: I need to transfer my properties to an LLC for anonymity.They are told they are not anonymous & that is not asset protectionBut I need it anyway for tax savings.They are told there’s no meaningful tax advantages  But I can get non recourse debt because the LLC is the borrower.They are told they still have to personally guarantee the loanNo, I can get non recourse debt I read all about it.They are told yes, while that is true, the leverage is customarily low, applies to much larger CRE transactions and there are still carve outs.

The investor also had no backup plan, and it was clear they hadn’t considered the potential risk if this failed - they just said "we would foreclose" - which if they did would (at best) provide single digit return...It gets even better, if they did get the borrower to follow their exit strategy, they would make around 13%...Here’s the problem: The gurus often make note investing sound like it’s just a game of persuasion, telling you it’s "easy" to get borrowers to agree to anything if you push the right buttons.

On the other hand, you may do better by allowing pets and requiring pet rents, pet deposits and pet fees.So true.

So MTRs that are close to the "action" are great.Also, I think the MTR market is getting more and more like Airbnb in Denver and Colorado, in that it's not an amateur's game.

Is this true.

Learning & experience is the name of the game getting started! 

ha ha true--- Loophole is just a more fun word to use and used by my CPA- I think it draws more attention than "IRA Rules" thats just too boring :)

It's true that it is much harder to find quality tenants during the holidays, so factor that in.

Like others mentioned above STR's have become quite tricky but mid-term is still fair game and not subject to the same restrictions.

One of the side benefits is that the tenants now have skin in the game so to speak, and my gas bills have gone down a bit.What kind of heating system do you have in your property?