If you don’t, things like this are more likely to happen.This is not the thread to ask for attorney referrals (you may do so in the marketplace forums only) but I would attend a few local real estate meetups or events and ask some pros if they have any referrals.

When you get to the point where you have enough rent coming in to cover any possible “foreseeable” event I just thought of a new idea for investors with just 1-3 properties.

It would also allow you to potentially buyout other partners (you never know what life events may occur) with potentially not disturbing the debt, this could be more tricky if you’re all holding title individually.

A 35 year term at 4% is just plain silly for the lender.If you payoff the loan for less than the UPB you will have an income event.

In the event that you do put tenants/roommates in next year, THEN you can start looking at deductions. 

You can find local meetups in your area by going to Network>Events up in the menu bar.

The next event is at Bone Up Brewery on 3/16 from 7-9.

I decided at one point that if I was going to spend my time at networking events, I was going to speak about what I was doing.

How much revenue does SXSW bring to the Austin investors and how will the lack of the big event affect your annual revenues?

I feel the best place to find investment groups in the Albuquerque area is through meetup.comHere are some of the meetups and their frequencies:Investing in Albuquerque - Monthly mixer (every second Tuesday) & Monthly meetup (every fourth Tuesday)ABQ Congress on Real Estate - Monthly meetup (every second Thursday)Apartment Investor Breakfast - Monthly meetup (every second Friday)ABQ REIA - Monthly meetup (every third Wednesday)Apartment Association of New Mexico - Check the events page for everything they put onAlso, I’d be happy to sit down with you and talk about the Albuquerque market if you are interested.Let me know if you have any specific questions!