It's an interesting question that deserves to be examined by anyone who is living or has interest in the properties in these communities.

This book has helped calm a lot of my nerves regarding out of state investing and I feel more confident that I can figure it out as I go.

I have some capital that I am willing to use to invest and I have done somewhat of a deep dive over the past couple months into real estate, including working towards getting my license (exam in a couple weeks) and I feel that I have a much better grasp on how this business works than I did just a short while ago.  

And before they left she said it was really nice NOT to have a TV, because her boyfriend paid more attention to her. ( I laughed inside and they gave me a great review).Examine other listings in your area.

I would like to get this taken care of, because it's incredibly taxing financially when I have to carry these business expenses myself.Thanks,Nick Impossible to give a quality answer without examining the Operating Agreement and without being well versed on LLC and partnership laws and case history in Texas.  

Loans are made with the right of set off, the only way to get past bank examiners over 80% LTV without PMI or an insured loan on RE.

We cannot create a tax loss based on OP's facts (except if prorated mortgage interest plus prorated taxes exceed gross rental income).You may want to examine IRC Sec 280A(c)(5) and the related court cases in detail.

I guess knowing the areas so well on this one just kind of touches a nerve that the investments don't make any sense to me at all as people could really lose their shirts on them.But I actually used to enjoy the RWN podcasts as, back in the day, they were very good discussing the numbers of real estate.

Rather than fly there, we got an RE agent in Cleveland to locate and take photos of our "rental homes" when Hughes/Guardian further defaulted the leases by not allowing us access into our buildings to examine their condition, once we saw they were boarded up and unoccupied.Our fear is when Hughes/Guardian now cancels their leases with us, we'll be stuck with a worthless property (no longer "managed" by Krch Realty/Hughes) that is more than a financial loss, but a major LIABILTY.Let's work together to get this stopped (both their escape route of Chapter 11, and their fraudulent business practices).  

He said he would wait on the phone while I examined the long contract.