These expenses can create a paper loss, which may offset other passive income or carry forward to future years.If you qualify for Real Estate Professional Status (REPS) or actively manage a Short-Term Rental (STR), the losses can be applied against your active W-2 or business income, reducing your overall tax liability.

In my experience, it's crucial to be aware of these state-specific rules to avoid unexpected tax liabilities.

You can provide a loan modification approved by the bank to be accomplished immediately upon the purchase of the note, this, along with the waiver and request for the sale by the borrower takes the bank's liability away selling a note to a non-banking/mortgage broker type buyer.

We have extensive experience working with real estate investors and implementing strategies to lower your tax liability.

Generally speaking solid insurance and a good umbrella policy will provide ample financial protection for most liabilities.

There are some places that you pay dues every month or every year, so sometimes you're buying a liability.   

Not worth the liability risk and the potential damage pools leave.

I am thinking more from the insurance and future liability stand point.

Licensing fees, CE classes, E&O insurance, general business liability insurance, sentrilock/suprakey fees, board association, etcc.

I'd say double check with a lawyer in your area about the possible liability.