Been with them 8 years, they've never missed a payment and they give detailed quarterly status reports. 

There are also additional costs of operating and maintaining an LLC, like separate bank accounts, annual report filings, tax filings, etc.2.

If you want to do people a favor you can get their offer(s) in writing and then when they try some bait and switch on you - report them to the state and national licensing boards.

Your reporting on your federal return shows whatever recognized gain is recognized. 

Yes, actively asking for investments on July 18th and revealing suspension of payments on July 20 seems a bit odd and poorly done. 

The first buyer walked after the inspection, not for one particular issue, but for the sum of all of them, inspection reported a lot of "beyond service life" items. 

One man reported successfully receiving a refund within 90 days.

My leases say Tenant is responsible for pest control if not reported within 10 days of move-in.

I will still post on here weekly but currently these are the things I am working on:-Vetting my options for financing-Vetting other parties and areas for best success on this dream project of mine.I have a few ideas on the concept and will eventually reveal it here 🙂Cheers folks keep chasing your dreams!

Income generated from within CA has to be reported in CA.