I reached out to a debt collection agency called National Credit Systems Inc. in an attempt to collect the payments owed.

They are the ones responsible for your actions.In TX it is a one page form we are required to provide at the first substantive interaction. 

Thanks for the insights @Henry Clark the not so hyped or fundamental benefits are always worth coming back to in my book. 

Invitation Homes’ stock has traded at a particularly large discount to NAV since interest rates began to rise in early 2022, but the gap has widened by 10 percentage points in the past year.

@Aaron Swilley welcome to BP and thanks for the extensive introduction.

However, my risk is lower as the 2 bed/1 bath apartment I am considering for this setup doesnt have any major appliances nor copper as it is a 1960's build.

I agree with @John Underwood @Tom E..Get with your CPA so you understand the rules of depreciation.

This basis would be divided between the two houses. 

Yet as the owner, I am still covering the cost of any maintenance and repairs, so who does this really benefit?

The exam not only deepened my understanding of the intricate details but also helped me see the big picture of how our financial system works.