Jim could be a vip as well .. just needs to close on 3 to 5 deals a month .. and he will have the same percs as me..are there ethic violations and bad Agents for sure.. are they the norm  NO WAY.  

Steve, if you are working with an ethical property manager, you have nothing to worry about.

A friend of mine in his early 30s got hit with a $13 million dollar bill for a cancer treatment.

Also, gauging whether or not you align with the ethics and culture of the company is crucial considering those are the people you are going to be spending the vast majority of your time with.

Can someone describe the tax treatment of WLI and/or IUL?

No one ever complains of the rent coming in, but instead of the treatment/damages of the house.     

And, in an ethical fund, the investment sponsor has first loss capital and eats any defaults dollar for dollar. 

The tax treatment of replacing HVAC systems depends on various factors, including the type of property (residential or commercial), the cost of the systems, and whether they qualify for immediate expensing or need to be depreciated over time.For residential properties, the cost of replacing HVAC systems is typically considered a capital improvement rather than a repair.

I don't know if the situation with the "nasty" tenant is salvageable or if there is any legitimate basis for their treatment of you and your staff. 

I got the sense that he has an ethic of service and is out to make a contribution, also as someone with military background (discipline) and active faith (trustworthiness).