The facilitator’s address was in a mobile home park, and the bank account could not be verified.Inconsistent Identification: Despite receiving a copy of Chris Anderson’s driver’s license, phone number tracing showed no connection to him.Incident 2: 2nd Financial Opinion ServicesThis entity appeared more sophisticated but was equally deceptive:Authentic-Looking Documentation: The LLC was legitimately registered in Missouri, with a seemingly professional website and clean background checks.Misleading Identification: After requesting proof of legitimacy, a passport with the supposed principal's photo and corporate documents from the State of Missouri were provided.

Readers should seek professional advice.Thank you, Ashish.

Use the professionals and ask a lot of questions.  

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

One of the topics was him developing 5 acres in town near the golf course.  

It sounds like the reason you wanted to do this was to achieve Real Estate Professional Status. 

When I spoke with a real estate professional, she said the home would probably sell for around $250k in its current condition.

In the world of accounting, different levels of education, expertise, and responsibilities define a professional’s title and role.

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Since rental losses are typically passive, the best way to offset W-2 income is through Real Estate Professional Status (REPS) (750+ hours) or Short-Term Rentals (STRs) (100+ hours and more time than anyone else managing the property), which allow real estate losses, including depreciation, to offset active income.A cost segregation study accelerates depreciation, generating large upfront deductions.