It sits on their credit report for up to seven years. it's a warning to other landlords and prevents them from qualifying for a home loan, car loan, or credit card.I've had some tenants sit in collections for years, then pay everything they owe because it was stopping them from doing something.You should consider a new PM.

Because of how my Schedule E is with all of the write offs, it throws off what I can qualify for.One thought I had was start purchasing under an LLC and have the LLC take out the loan.

I agree with this statement and you're second-next step needs to be getting qualified/finding money and walking properties.

There’s a bunch of qualified brokers that can help nationwide 

If you insist on going the path of becoming an agent, I would try to qualify for a loan (or find a creative way to finance) prior to leaving your current position.

@Caleb Webb You're past the point to qualify and exclude any tax using the primary residence exclusion.

The Tax Cuts and Jobs Act (TCJA) of 2017 allows businesses to write off 60% (in 2024) of the cost of qualifying property in the year that it is placed into service.

Essentially I didn’t make enough to qualify for this loan.

My research so far shows that debt and equity investments are treated differently when determining if they qualify as securities under U.S. law.

Hi Benjamin,Have you talked to a lender about getting pre qualified or getting a VA loan?