It would make more sense to me if you could currently deduct prospecting expenses up to some maximum in the current year, then have to capitalize after that.Can definitely see the abuse with people going to Hawaii to prospect for properties and never actually buying anything.  

Even if you grab a loan from another source and pay me off quickly.Seasoning from a conventional point of view is a way to slow flippers and rehabbers down so they don't abuse programs like FHA and rural development loans.  

Its not easy to stand there and take the questions or sometimes abuse, you have to know the process and know their options and convey them to the homeowner in a way that makes sense to them.  

And, as with most things;  poor installation, neglect and abuse will tear this stuff up.stephen---------------  Originally posted by @Mark Gibbs:OK, looks like I was able to link the actual picture from my desktop. 

Most people will have an address listed, but realize there are people who require privacy- think of judges, law enforcement personnel, FBI agents, even abused ex-spouses, etc.

The latest one, there has been domestic abuse and drugs in the apt, so there are needles, damaged wall, broken window, etc. 

Property was near a bus stop (5 residental blocks away), it's on a corner so we had ample parking on 2 sides.

But they STILL turned out to be bad investments.My overall advice to anyone considering private placements would be that if you do not personally understand the business you're investing in well enough to run the deal, or do not have access to enough information that you could step into the promoters shoes at a moments notice if he or she was ran over by a bus tomorrow, don't invest.  

This is what is on page 1 of the application:Our Criteria:We do not deny housing for race, color, religion, sex, national origin, handicap, sexual orientation, marital status, or familial status.We do deny housing to individuals: when the application is not complete or accurate where there is not sufficient income/resources to pay rent and livewhere there is poor prior tenancy: evictions, violations, damage to rental property, poorly handled move outs, amounts are still owing to landlords or utilities.Criminal activity is at our discretion depending on severity, number of convictions, and how long ago.In your specific case I would deny them for having a prior eviction, unless I could reach the landlord and determine that they complied and have paid amounts owing.  

@Mark Ferguson@Charles WorthCharles us poor brokers get abused something fierce until you learn to read buyers and sellers and have a certain amount of success to where you can pick and choose who you want to work with.