I'm still finalizing my ADU floorplan.

This must be very unfortunate for the investors because they had only sourced 70% debt so 30% of the equity from investors went poof..Re: threat of legal letter, personally I would post that online and say "wow, see the response I finally get"...

I'm finally ready to take the plunge into real estate investing and am super interested in the potential of short-term and mid-term rentals.I'm drawn to the idea of creating passie income .Right now, I'm trying to narrow down my market ( North carolina and Texas)and learn the ins and outs of STR property analysis.

From my experiences, I would not take on low end rentals and all the risk and work they entail if I had the budget for a solid middle to higher end option.And finally, as you do start looking more seriously at actual properties, bring your questions here and weigh the various answers you will get.

I can't wait to hear the final results and hearing you won.

Because they have 3 children, I waited, and have now finally filed for eviction.

We have finally made the jump and put an offer in on a duplex in Knoxville, TN this past month.

I finally took the plunge and have become a real estate professional.

Finally, your hunch is correct: when the syndication cycle closes, your past "free lunches" will have to be paid for, aka recapture.Here're some relevant posts from your favorite site:https://www.biggerpockets.com/forums/51/topics/839015-are-sy...https://www.biggerpockets.com/forums/51-tax-legal-issues-con...https://www.biggerpockets.com/blog/real-estate-professional-...  

For example, one house the seller - a guy who inherited the house - stole all the appliances before closing, and when we showed up to do the final walk through they were gone.