While I haven't listened to that episode, I generally advise similar clients to have a certain # of months of operating expenses in reserve to cover repairs/capex.

Normally, they negotiate with the company and advise you on the loss. 

Could any of you please advise us (not legal I understand) if setting up an LLC or these homes in a trust, etc would be beneficial?

If anyone has good attorney contacts in TX please advise and forward, thank you! 

Can any of you guys advise me on a short-term rental deal in the Poconos?

There's some who are more so there to help advise as I make my own path presumably with the ability to identify issues ahead of time.

After reaching out to two separate CPA's they advised me they do not answer 1031 questions and the intermediary should confirm the correct deadline date.Can anyone confirm whether the qualified intermediary should provide the confirmation of the date pursuant to the IRS notice or provide a CPA who does phone or zoom consultations and works with 1031's/IRS Notices?

I don't know enough about the benfits of one or the other to advise him.

I pass them on to my clients, as the law requires, but I advise them to ignore 99% of them.- You don't need to offer the full asking price as earnest money, but a large deposit definitely helps woo the seller into believing your offer is serious.

A lawyer advised me to dissolve the business because we can't fulfill the purpose of the business then sell the lots. which I'm fine with but I really want to keep the lots and build on it.