Overall we have vastly more “good” tenants, and the law allows you to get rid of the bad tenants and maintain a desirable place to live for the good tenants who you want to keep.High-maintenance <=> High-Return: Those prior two points drive what I meant when I said the cash flows and NOI should be about double what they are on a “vanilla” MF (multi-family) purchase at the same price point, but it can be a high-maintenance proposition to manage the screening on the front end, the day-to-day management issues, the more frequent turnover and vacancies, and the frequency of needed court filings to get the keys back from a tenant when somebody is not being a good neighbor to your other tenants in the lodging house.Bottom line: We think we were right on point five years ago when we identified that SROs fill a critical niche that is in extremely high demand.

- is there a chance that what my CPA meant, writing off the old roof at current depreciated value? 

you giving way to much benefit of the doubt to the realtor. especially new builds and salaried employees it's a whole other animal. thanks for the law brush upPlease Robert, "enlighten" us with exactly what you meant when you said "you ever worked with an Indian buyer and asked them to sign something?". 

If you miss one t or don't dot one I in NJ, it's thrown out. 

Quote from @Marie T Debnam: FlipSystem is a game-changer!

@Jennifer T.

Passive for me meant investing with others (through syndications etc).

Would we be able to put the home in the Holding LLC since our names are directly on it (albeit a Delaware LLC meant to hide our identities)?

I believe it’s called a home equity agreement:https://www.cnbc.com/2019/04/05/need-cash-now-you-can-sell-t...https://www.nerdwallet.com/article/mortgages/shared-apprecia...

@Maria T., why are you looking to use preferred equity?