I learned a lot and networked and actually met some decent investors and good teachers etc but what upset me were these companies who pretended to have turnkey homes were in fact wholesalers.

No need to form an LLC just to claim the deduction (if you are the only owner, the federal government would disregard-pretend it doesn’t exist- anyways).

Some applicants will try to fake employment and give out a friend's number who pretends to be the employer.Could you meet in person and verify the account balance on their mobile device without having the paperwork.Ask them what they can provide to bolster their application.Do you have a real estate license or PM. 

Nathan knows his stuff, unfortunately there is no individual or specific governing body in regards to property management in NY State so there are a lot of illegal companies pretending to be property managers and there are serious consequences for operating as a property manager without being properly licensed in NY.

Among those are violations of the Uniform Trust Code, the Uniform Fraudulent Conveyances Act, and any number of laws that allow you basically "pretend as if the corporation is not even there".     

Have I ever pretended to be anything else on this site?

Some of the people who pretend to be angry neighbors, against VRs turn out to be related to hotel industry. 

This work created a situation where the furnace was no longer up to code.For the sake of argument lets pretend the assumptions are correct.

To provide an example, let's pretend that your tax accountant forgot to include depreciation on your tax return, but you had a lot of repairs that get you to a rental loss, you still will not be able to deduct the loss against W2 income if your income is above a certain threshold.However, things are never black and white in tax law.

I don't think SEC rules are involved nor is it complicated.As for lending, it IS complicated and I could not pretend to lay out all the potential "gotyas" in this business.