PenFed no longer does HELOC or related products for NOO LLC properties. 

As someone living in Southern California, I can definitely relate to the challenges of navigating expensive markets.

Who is handling the syndication related to their raising money?

That has driven a lot of DFW investors to our market but it's still relatively affordable for investors to get started here. 

Taxes depend on the gains from the insurance payout and sale relative to your adjusted basis.

I think this the best topic to shareSharing stories about how people got started making money—what worked and what didn’t—is such a relatable and inspiring topic.

Any management fee structure (monthly fees) is simply a guess with regard to what will keep the PMC in the black in relation to the work that will be needed to manage the door. 

Unlike some of our other tax-related debates, this one is actually important to a lot of people. 

Nice try, but this time does not count.In order to meet 750 hours, your wife will need one of the below:- do something else real estate related, like wholesaling or realtor- actively work on expanding your rental portfolio - have an extensive DIY rehab, like a month-long full-time rehab (and then she might need another kind of rehab)- a calamity such as multiple properties damaged in a storm where she will have to deal with insurers and contractors- something else out of the ordinaryAgain - if all you have is 9 single-family properties with stable tenants and typical occasional maintenance - you don't have enough work to collect 750 hours.

I assume that's because its a relatively cheap project to finish a basement.