.- You both report your share on your personal tax returns and pay taxes based on your own tax rates.3.

I have about $300k in equity (based on a BPO performed in July 2023) but no cash.

Many people have limiting beliefs, a mental barrier that prevents someone from achieving their goals or living fully, so they sabotage any hopes of progress through words or actions.

Just based on the info you provided I would take the loss and move on.

I would expect him to respond based on what you said.

I am not based in Detroit and can not physically go the office.

So, in actuality the divide between “good” PMs and “bad” ones is probably no different than any other service provider, be it real estate broker, mortgage originator, etc.The key word I has in my sentence was MAY; as in MAY be hazardous to your financial health.  

For example, if the refi lender requires 6 months of seasoning so that the refi is based on LTV rather than LTC, then your HML will likely be 7 months...

You might not cash flow right away, but even just offsetting what you were paying in rent while building equity, getting tax benefits, and learning how to be a landlord is a game changer.

I'm not saying this is one, but don't miss out on a good opportunity based on arbitrary numbers.