The bottom of the sheetrock was penetrated in a lot of areas so we elected to remove the bottom four feet of sheetrock throughout the house.The fiberglass insulation mostly survived, but why chance it? 

Between the Tax Reform Act of 1986 under President Ronald Reagan and President Trump’s Tax Cut and Jobs Act of 2017 there were no changes made to the tax code.

In my role as the Vice President of the SAMAC Chapter of NARPM, I'm here to provide guidance and address any inquiries you might have.

As in all things in life (like choosing a spouse)for instance, it's incumbent upon us to examine our individual personalities regarding whether a proposed partnership would be a good fit or a disaster in waiting.In 2007, when I lost more than $130,000 in the stock market,I learnt a permanent lesson that stuck with me till today.I discovered that I was a control freak.I needed to always know how my actions directly related to my results, and most often like to retain the ability to change my mind even if others would find such reversal a stupid idea.Seeing how much control I didn't have on how my stocks performed in 2008 despite all the information I had consumed for several months regarding value investing and how to analyze a company's fundamentals scarred me for life.It made a real estate investor out of me.The safety and assurance that I was taking sole responsibility for the calls i made and the risks I decided to take was a calming refuge.Having been a Pro-member on BiggerPockets for as long as I've been has its perks.It gives one a front row seat to see in slow motion the interesting evolution of the component parts that make up this mammoth industry.I watched in amusement as one member arrived as a total newbie in 2018 with a welcome post, voraciously consuming unsolicited counsel on the member forums for a few months and then posted a "success story" of his deals after 6 months.Within a year, he had his own podcast and is now buying large apartments as a syndicator pooling investors' money.To be clear, this is not a hate post.I certainly do not begrudge people "crushing it" in record time.Nonetheless, as a 'senior' member of this community who has seen this movie before,I do feel a lonely cautionary voice in the wilderness is needed at this point.We are in an environment of unprecedented cap rate compression and record low interest rates which is only headed in one direction after this is all over.Yes, make no mistake, the music will soon stop.That has very little to do with an upcoming election and is regardless of who wins the White House or who controls congress after November.If you've listened to Kevin Bupp and Rod Khleif, you know what happened to their portfolios in 2008.These were no amateurs, as a matter of fact, they had many years of investment experience when the music stopped.They both weathered the storm and came back stronger and that is why I remain a shameless fan of both men till today.Several others were not that lucky, and you will never hear their names.In this space today, there are investors and there are educators.The educators have taken over the habitat.That is why there are now more podcasts on real estate than I can get through in a working week.Real Estate education is so very lucrative now that it is possible to make way more money from podcasts and books than in actual real estate investment for some gifted marketers with smooth tongues and gifted content creators.We are in the information age after all, and youtube millionaires are now perhaps outpacing patient real estate buy and hold landlords in the passive income/ cash flow game.Belonging to a $25,000/year mastermind and attending a syndication bootcamp does not insulate anyone from catastrophe.

My experience is that these properties are very rarely a deal as the lender can always elect to collect from HUD.  

[A] following corporate formalities:Annual list of membersNotice of Stockholders meetingMinutes of Stockholders meeting list of attendees election of officerssee smallbusiness.chron.com for detailsNexus issues: see pg 18, Nexus problems for pass-through entities and their corporate ownersin the powerpoint presentation by Ernst & Young www.tei.org/chapters/new_york/Public%20Documents/WoW - - so how did we get pushed into this in the first place?

And Frisco just voted to raise their property taxes again in last nights election!

But personally, I have an LLcC with an S corp election.

The firm made us an offer and the tenants accepted since we didn’t was to face a possible partition suit and the school never reached out.Two months after we sold they announced that the school would go on our property.I since did open records requests and found that the firm’s unlicensed president put the entire farm up for sale 3 weeks before the company took 1/8 title to the farm.

As mentioned, 100% is NOT advisable, especially with pandemic, election, and rates at near zero.