That said, that now that the market has softened a bit, folks wanting the work permitted is probably going to be more common so it may not be a bad thing.My final thoughts are about your hard money lender.

In a pessimistic scenario, rent growth could slow to 0.0% in 2024 and potentially turn negative in 2025.

@Navjeet Singh it sounds like you're making a big mistake and you used a very shady agent (unfortunately it is common in this industry.

Perhaps at some point in the future common sense tort reform will come back to America and things will get better.

It is very commonly seen in older homes.

However if you only invest it in training, then at the end you have lost $50,000 and still don't own anything.There are a lot less inexpensive ways to learn about real estate in my opinion.Don't fall for any high pressure techniques from any guru.....the typical scenario is to go to a free 2-3 hour training session. 

You really need to be sure you actually meet all of the participation requirements; the most likely scenario is that you really need to be using E for your properties.

This should also be spelled out in your lease, which, after this situation, you will likely want to update with more specificity to address this type of scenario.

@Mike DawsonBOI needs to know the owner of the entity so yes it’s you who has to file and provide your id if you own the LLCThe common misconception with Wyoming LLC’s is people think they are hidden it if you do real estate most forget that if you sell a property or get a loan, that document is recorded and your name is all over it - so it’s super simple to find out who owns it.

In such scenarios, recourse may involve engaging an attorney to initiate a quiet title action subsequent to the foreclosure process.