An activity is a personal service activity if it involves the performance of personal services in the fields of health (including veterinary services), law, engineering, architecture, accounting, actuarial science, performing arts, consulting, or any other trade or business in which capital isn’t a material income-producing factor.7.

You failed to perform proper due diligence before closing on the rent house.

A cost segregation study was performed on this residential condo in Jupiter, FL purchased in 2022 with a depreciable cost basis of $672,870.

His unit got more attention and inquiries, but funny enough, the renter he ended up signing had found his original free listing weeks earlier and only called back because the timing was right.

Now if buyer fails to make payments it would be good for Buyer to deed it back to the original seller. 

A CRM helps automate communication, track leads, and measure sales performance.

-------------------------------------------------------------------------------------------------------Owners mistakenly ASSUME all PMCs offer the exact SAME SERVICES and PERFORM those services EXACTLY THE SAME WAY, so price is the only differentiator – so, they often select the first PMC they call or that calls them back!

Analysis wise - theres a ton of variables that come into play when seeing how well a home will perform.

That means you make 2k in origination and then 11k/12 = $916/month.Let's say they hold it for 5 months = $4,580 + $2,000 origination = $6,580 return on 100k so about a 6.58% return and your risk for that return is 100k, cause the deal you back can go sideways.There's a much safer way to make a better return. 

I've been in the hard/private money space working as an originator for coming up on 6 years now.