This month's Units magazine from the National Apartment Association has a good piece on fraud detection.  

…………Thank you for your continued trust and supportSincerely,Marco SantarelliFounder & CEONorada Caprtal M«magementPlease note the date!

There were some red flags prior and I should have trusted my gut on those, $2500 lost. 

With SFR, they appreciated at a national average of 3.8% from the last study that I read in 2024.

The IRS doesn't trust you to report accurate information, so the 1099 from the property manager is checked against your filing.Any company that does more than $600 in business with you should issue a 1099.

Fannie Mae will allow you to transfer the deed to an LLC if you decide to try to go the conventional route, but the loan would still be in your names and you'll need to pay a title company a second time post-closing to do this  for you. 3) I can't speak for the area so no comment there4) If you're self managing, make sure you find vendors you can trust in the area since you won't be able to easily verify if an HVAC guy, plumber, etc. is trying to rip you off and tell you to buy something you don't actually need. 5) Make sure you have clear alignment of goals and a clear operating agreement that spells out what to do if those goals start to not align in the future since you'll be jointly obligated to these properties. 

Hey BP Family,A neighbor of mine passed away about 2 months ago and I have been trying to contact the family (trust) to see if they were going to be selling the property.

Once you’ve got some experience under your belt and have built a trusted team, that’s when you can start looking at value-add deals to really scale up your portfolio Thank you for the information.

Unless you use a local professional familiar with the market, who you trust, best way to know a good deal is to study the market.

The relationship between the property manger and owner is one that should be based on trust.