There is apparently, a lot of misunderstanding as to what is meant by “hard money”.

Because of the design issues and how sprawling they build (meant to be a suburban product), they valuations are going to be lower than an urban or urban adjacent infill lot.

Overall we have vastly more “good” tenants, and the law allows you to get rid of the bad tenants and maintain a desirable place to live for the good tenants who you want to keep.High-maintenance <=> High-Return: Those prior two points drive what I meant when I said the cash flows and NOI should be about double what they are on a “vanilla” MF (multi-family) purchase at the same price point, but it can be a high-maintenance proposition to manage the screening on the front end, the day-to-day management issues, the more frequent turnover and vacancies, and the frequency of needed court filings to get the keys back from a tenant when somebody is not being a good neighbor to your other tenants in the lodging house.Bottom line: We think we were right on point five years ago when we identified that SROs fill a critical niche that is in extremely high demand.

- is there a chance that what my CPA meant, writing off the old roof at current depreciated value? 

you giving way to much benefit of the doubt to the realtor. especially new builds and salaried employees it's a whole other animal. thanks for the law brush upPlease Robert, "enlighten" us with exactly what you meant when you said "you ever worked with an Indian buyer and asked them to sign something?". 

Would we be able to put the home in the Holding LLC since our names are directly on it (albeit a Delaware LLC meant to hide our identities)?

Passive for me meant investing with others (through syndications etc).

For instance, I've had tenants drive up the electric bill during the winter because they left HVAC window units in, which then meant the heaters were running non-stop.

So...let's assume you meant the former.A goal of $80k in annual cash flow is very reasonable, as long as you understand it isn't going to happen over night. 

We’re fine with them flushing toilet paper, of course, but tampons/shop wipes, etc. was not meant to be flushed and can damage our septic system according to the plumber.How would you handle this?