They are just fishing for money.The claim would go to can the person PROVE they were injured on the property??

And, given that Russell was supposed to be a millionaire (at least thats what he claimed in his Survivor days), how is it the guy doesn't have any money to buy his own deals or at least have enough for a 20% down payment to buy them with financing?

However, this is why you must keep up regular inspections of your properties.

He came back regularly to speak and was funny as hell.

The IRS in their follow up to the application did require that we claim a wage for him.

I have been working for a construction company as a general contractor for about a year, manly insurance claims.

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TIA.Wow, it would take some pretty tortured logic to claim its legal, I suppose you could argue murder is legal if you don't get caught, but I wouldn't touch a deal like that , ever.

However, high wage earners that can't take passive losses against their regular income can save those unused losses to use against depreciation recapture and capital gains to greatly reduce or eliminate taxes AND step up their basis by avoiding 1031 exchange.

At 500k at 50 units you are looking at 10,000 a door going in.Those types or properties at that price point are almost for sure going to have deferred maintenance and occupancy issues and a regular bank/lender won't touch them.