I was interviewing someone today for a marketing position and she is working for a company that were two IT professionals who sold a business, started a multifamily fund that is not doing well so now they are starting a ground up development fund for single family homes and another fund in commercial real estate.

Eventually, lawmakers realized the negative impact this was having on the real estate sector and created what is known as Real Estate Professional Status (REPS).

I appreciate the feedbackThere are a lot of experienced investors and professionals here you can learn from. 

That's terrible performance and demonstrates your PM lacks the necessary skills to protect your investment.Even if you did find a renter, this home is a loser.

With six children, it seems that the others would probably have known and reported.With first-hand experience of an overzealous medical professional, I'd wait to see if the charges are valid.

They can talk to the insurance company for you, make sure repairs are done quickly, by licensed professionals,  and keep your tenants updated (if needed).

Then you go find the appropriate professional.

Whenever making an investment decision, please consult with your tax attorney or financial professional.

I never read the book you referenced but at least it appears the book is written by a tax professional which is a good start.  

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