Confirm with your CPA that any excess loss was reviewed for NOL calculation and properly carried forward.

Take ownership of your mistake and learn to do the proper due diligence recommended above😊

As others has shared, I am able to hook them up properly to avoid any issues with tenant installation.If a unit dies, and I do not want to replace it, I just terminate the addendum and remove them. 

Check with your lender and consult a tax professional to ensure proper structuring for interest deductions.

:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+ (roughly 5% probability of default), zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680 (around 10% probability of default), some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.

They use an eviction service for serving the tenant and coordinating with the courts. 

. - Agreed, sounds like you don't have the time to properly vet candidates.

Operations- tenants refusals, either cull them before they get to you by requiring autopay as an example, document on their application why you refused them, make sure your facilities are maintained properly and no safety hazards exist, etcLLC.

I got lucky that the tenant wanted a house in my neighborhood to keep kids close to their schoolsHouse was listed for 1750, they offered 2250 but I declined , so they offered $3k, ended up renting the house for $3250 ($250 pet rent) per month, for 3 month, open to extension if needed.I met the tenant and did the background check on them, I felt comfortable renting to them THD takes time with approving the property, but they were quick to approve the lease, and they sent me the checks the next day after lease signingMy house is not furnished, and they were ok with that , they actually work with a company that provides furniture for the tenant, and they coordinate the delivery and setup of furniture on the lease start dateOverall I like the experience working with them , but hey today is day #1 (out of a possible 3 months), so I will update this post if anything wrong happens or if I notice any red flags

I have seen a lot of videos of people are saying "Utilize debt as the power to take these leaps," so this is where I am ready to go if the deals make sense.Thanks for anyones help Regarding utilizing debt- In my opinion the proper way to utilize debt is to purchase assets that throw off more cash than required by the debt.