This has been my observation in 45 years in real estate investment.  

If they are professional, they can explain this quickly and easily.

You're right to think critically about this.

This isn't necessarily the caseYou can have that discussion with my agent. ;-)  Well I'm an agent so that won't be necessary.

Learned a $60,000 lesson this way on my first house.

Im using Daniel Hyman's service this year, MyOnlineAccount, its nice being able to just upload all my docs in the cloud to get this started.

This unexpected expense turned what was promised as a cash-positive investment into a cash-negative one—the first in my investing career.To make matters worse, I lost $21,000 due to the property managers recommended by RTR.

I know this is not true because I've used IDI data since 2019 and it's the best on the market. 

The remaining $150K in this case is still eligible to be offset by any NOL from my rental properties from LLC #A.

I've asked this seller for any documentation he had and he's yet to provide anything.