So far my dealings with norada have been professional.

Mortgage fraud laws are divided into two specific categories, which are:Fraud for housing, in which someone submits inaccurate information in order to be able to buy a home under more favorable termsFraud for profit, in which a real estate professional falsifies information so that they can get more money out of a transaction"most states also have their own laws in place.

These are professionals with additional training and a stricter code of ethics.

Most professionals will recommend a separate LLC for every $1 million in assets but I don't think that's necessary.

Establish a local network of trusted professionals, such as a handyman, plumber, electrician, and a local real estate attorney who can address urgent issues promptly.

Below are a few ideas to think about.Appraisal Concerns: Include a clause in the counteroffer to address any potential gap if the appraisal comes in lower than the offer price.Closing Costs: If the requested $10k seems high, propose a lower amount or adjust the sale price to cover some of these costs.Escrow Deposit: Counter with a higher deposit to ensure buyer commitment.Financing Contingency: Make sure there's a clause that protects you if the buyer’s financing falls through.VA Requirements: Understand and prepare for the specific requirements and inspections associated with VA loans.Professional Advice: Consult with a real estate agent or legal professional for tailored advice.Communication: Maintain open communication with the buyers for a smooth negotiation process.Best of luck with your sale,KC

Be extremely conservative on ARV in this market Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

@Jagan ReddyI'm not a CPA or a cost segregation specialist, but I do know that if you are not designated as a  real estate professional, then you can only offset passive income by your passive losses.Qualifying as a real estate professional is more challenging than most people want you to think.

I feel like I need to talk someone who is investing in multifamily rather than a tax professional or financial advisor.

I paid the lot rent ($550)for 2 yrs on an empty house when I could have been collecting rentDid you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?