Can these be tax write offs (home office, phone, car expenses, etc) even though I won't technically be making money for some time until everything is completely built and leased?

I concur with @John Thedford. depends on the market.Rentometer is pretty much universally useless for properties in Canada and there are markets in which we are involved or pursing properties in the U.S.A. where it's off the mark (South Eastern NH is one).

You say that you want to be hands off and let the PM handle things, but then you're upset they won't give you a copy of a letter?

Quote from @Eve Favorse: @Travis Biziorek what’s your method of finding off market deals?

Downsides are that he gets none of the potential upside when the property may be sold down the line, and we have to find a way to ensure that we build enough equity in the property to do a cash-out refinance when the loan term ends to pay it off. 

The correct way would be for the person who sold on a wrap to pay off the underlying note and carry the note himself.

Getting those properties for pennies on the dollar, renovating them so they can withstand another 100 years, and fully furnishing them at a 30 day minimum is giving off some solid cash flow!

Laying off older engineers and investing in AI.

Because they have a TON of equity and their mortgage is cheaper than rent and they have no alternativesBK filings will be off the charts the next 2 years and foreclosures will increase but as noted calling a bank is a complete waste of time as they also use 3rd party asset management companies and will not give you time of day.

Is everyone still having good results with SMS with all the changing compliance issues? If so, which platform seems to have best delivery results?