The SEC claims Fossum misappropriated hundreds of thousands of dollars from the funds by living rent-free in a fund-owned home and having the funds pay for extensive international travel and his federal taxes.

Now we're seeing investors pouring money into buying Class C rentals - but, many are getting burned.In our experience & opinion, the main determinant of property Class is not location or even property condition, those are #2 and #3.

This home was located in a zip code that is notorious for its ultra-modern design (though those homes are still sitting for sale).

I know we're still ok with it because we're renting and it's booking quite a bit.

The defendants researched and located properties that were in the pre-foreclosure short sale process more:https://www.justice.gov/usao-edtx/pr/self-proclaimed-short-s...18 U.S.C. § 1344 – Bank Fraud18 U.S.C.

He can’t rent the property, at his age and capacity, he can’t rehab the property. actually if he tried to do the work, it would probably turn out worse.

Weather differs depending on where properties are located and even snow accumulation within the same geographic area will vary year to year.

Hence if the lease clearly has terms against this and section 8 is supporting the rent, that is your best bet to ensure the tenant complies with the lease.

You can also go on zillow/FB marketplace to see what other similar properties are renting for around where your place is at. 

You can’t use the property personally for more than 14 days or 10% of days rented, whichever is more.