That meant more to me than anything.For anyone just starting out, remember: your first deal isn’t about making a fortune.

It just meant problems down the road during the project.....something was always wrong,Cheap people tend to be unreasonably picky as well, and with no real understanding to back up their concerns.

If you meet this first test, you are a REP...now determine if you can use the benefits of it.2) if you or your spouse meet test 1, THEN you can make an election to combine all your RENTAL activities together for purposes of determining if materially participate in your rental activities.  3) So you met test 1, made the election under #2 - now you see if you materially participate in your rental activities. 

So, why would they lie to us right before the election?

Find a non-bank lender or broker who offers bank statements loans - this is literally the situation that these products are meant to tackle.

Now-someone above pointed out that there are two different terms…rent-ready and turnkey and I think what I meant was rent-ready.  

i just watched a few of his YouTube videos and, please check out at least his recent Investor Questions in Office Hours - March 2024video where he answers a number of questions, and at 41 minutes he discusses his syndication structure as strictly 506C, not 506B, which means that he may only take accredited investors and this type of 506C election has a lot of mandated SEC paperwork, too.

Sorry I meant from that meeting recording that was posted. 

For me, this meant renting out a room in my first primary residence.

I meant work in the w2 job and build real estate on the side