If she sends a letter, file it away without responding.

I suspect at the dollar amount you invested most attorneys would say its not worth it. you could send in a sabor rattler letter for a few hundred bucks and see if that gets you anywhere.Keep in mind these guys are not unique this has happened to many many syndication of MF Just read the threads on BP..

-Since it's an Owner-carry, do I still need to set up escrow for prepaids/homeowners ins/property taxes?

If you are a buy-and-hold investor, the strategy is to try to buy one or even two properties a year (or every other year or every few years) to give you enough depreciation to carry you over to the next property that's going to give you that depreciation wave to save you money the entire time.

I’m thinking about consulting a lawyer to get a letter sent, as it feels like they’re inventing laws.

Here are some pros and cons to try and help you: PROS: 1) Despite no match, you are still contributing to a 401k, which carries unique tax-advantages (Tax-deferred or in the case of Roth, tax-free growth).

With seller carry backs you can get the seller to take a 2nd mortgage and carry most if not the entire down payment.

Some tenants are busy.When I recently took over a property, my business partner and I (1) called each of them to introduce ourselves, (2) sent a text message and (3) sent a letter.

I would need approx 20% plus a few months carrying costs; perhaps $350k.

Don’t just stop at “they say.”Also, write letters to your local papers and other media about the city’s refusal to delist properties.