Hello,In chapter five of Rich Dad Poor Dad by Robert Kiyosaki, he briefly recounts how he made $40,000 with 5 hours of work by buying a "courthouse" property, listing it for less than market value, having the buyer sign a 10% promissory note, and then have the buyer assume all liability.Can someone explain to me what exactly he did, and whether it is legal anymore (especially in Idaho)?

Last I knew it took 100K to get it, but he said he was trying to lower it and still stay legal under SEC laws.

Hey Everyone, I've been building an Excel financial model that can quickly analyze potential value-add multifamily projects and I've run into an issue that I wasn't expecting - when calculating the returns, do you take into account both the refinance and sale proceeds, along with the cash flow?

I was wondering how they were setting these up.is the issue its not paying out as promised or you cant sell your tokens at anytime like they say on the website. ??

- Investing with a Friend: Tips on structuring partnership and legal/financial considerations?

It may be easier to offer the Tenant $6,000 to leave and be done with it.Unfortunately, many bad tenants have no fear of the legal system and they will continue to abuse this until you are run dry or the court finally forces them out.

Be sure to check with someone that knows the local STR rules and regulations to make sure you can legally do it. 

For future years, we probably wouldn't meet the 500 hours test (though we still do participate a significant amount as we periodically re-stock supplies at the place, handle most maintenance issues due to shortage of workers in the town, and monitor sensors during guest stays - leak sensors/heat/stove).Specific Questions on Depreciation:Assuming that I have the qualifications for non-passive activity, I then have some questions on bonus depreciation and related stuff.5) It is my understanding that Qualified Improvement Property (QIP) bonus depreciation is probably not useful for me because I did most of the renovations prior to placing the property in-service (save for a few things).

Many of those were in those areas and I never had issues.

I would look into a manager, this is a bit murky and can open up some legal issues with one slip-up.