I ended up having to pay for their tax preparer’s time to meet with me and make corrections.

I host a local real estate meet up in town if you want to come network with other investors.

Same for 2-years of job/income stability.Tenant Default: 10-20% probability of eviction or early lease termination.Section 8: Class C rents usually meet program requirements, proper screening still recommended.Vacancies: 10-20%, depending on market conditions and tenant screening.Cashflow vs Appreciation: Should cashflow immediately, at the lower end of relative rent & value appreciation.Class D Properties:Tenant Pool: Majority of FICO scores under 560, little to no good tradelines, lots of collections & chargeoffs, but should have no convictions/evictions in last 12 months.

We started out kind of at the same time, and made similar money, both self employed attorneys with successful firms, but not huge money guys by any means.He looked at the LA/So Cal area, and said "none of this makes sense, you cant cash flow here so I am not investing here" and i said "I believe in so cal real estate, i will invest here, live here, and play the long game"So I started house hacking here in LA, and doing the more traditional deal. he rented in a place that he liked to live (by the beach, where nobody can afford to buy) and started buying stuff in Chicago, where he is from.He still rents here- but 10 years later, he owns 400 doors in chicago and could retire if he wanted to (but isn't).

It's known for its intuitive interface and comprehensive features that cover both property management and accounting needs.Beyond just managing rent collection and expenses, software can be a game-changer for streamlining your entire real estate business.

I'm not too sure about a Captains tax, for that I would refer you to your local seaman :)Kidding aside, yeah that's fine, assuming you meet the other requirements of Sec. 121 such as not having utilized the exclusion during the two-year period prior to the sale of the property in question, among others.

Have a meeting coming up and hopefully they will have better news. 

That way the tenants had skin in the game and they also knew he had skin in the game as he was paying 3 parts.

Hi Matt,Here are a few ways to find a partner for your 16-unit deal without relying on family/friends:Real Estate Investment Groups (REIGs) – Join local or national groups where investors look for opportunities.Networking Events/Conferences – Attend real estate events or conferences to meet potential partners.Private Money Lenders & Syndicators – Look for investors or syndication groups willing to partner for funding.Real Estate Brokers/Agents – Brokers can connect you with investors seeking deals.Online Platforms – Use platforms like BiggerPockets, Fundrise, and CrowdStreet to find investors.Investment Clubs – Find local real estate investment clubs to meet interested partners.Crowdfunding Platforms – Consider platforms like RealtyMogul to raise capital.Accredited Investors – Reach out directly to investors through LinkedIn or your network.Be sure to choose a partner with complementary skills, financial stability, and experience in multifamily investing.

Same for 2-years of job/income stability.Tenant Default: 10-20% probability of eviction or early lease termination.Section 8: Class C rents usually meet program requirements, proper screening still recommended.Vacancies: 10-20%, depending on market conditions and tenant screening.Cashflow vs Appreciation: Should cashflow immediately, at the lower end of relative rent & value appreciation.Class D Properties:Tenant Pool: Majority of FICO scores under 560, little to no good tradelines, lots of collections & chargeoffs, but should have no convictions/evictions in last 12 months.