In addition, you still need to meet the IRS requirements for material participation in each property or elect to group themBased on what you say it sounds like it would be challenging for you and your wife to meet these requirements unless she gets involved in more real estate activities that qualify for REPS hours. ...

Pay attention to the duration.DM me if you want additional thoughts.Jeff

The 50% is rather deep a cut, especially with all the additional operational expenses not included into that 50%.

In addition, suncoast will charge you a 1 month rent just to get the property filled, so you are already starting off massively underwater.

In addition to that, platforms like HomeAdvisor or Angi are great for finding vetted professionals, and local builders associations or the Greater Beaumont Chamber of Commerce may have directories or recommendations. 

In addition to being my mentor, Chris had been asked to take the class on a “funding tour”.

If you want to add it to places like affordablehousing.com then that gives you more exposure.  

That conversation could be revealing in and of itself.

The way I can imagine is perhaps putting up additional cinder blocks but that sounds expensive.

To give you an idea of how we approach it, we assume the worst-case scenario right from the start is 9-12 months of no rent, $5,000 in legal fees, and an additional $5,000 in expenses to deal with moving their stuff, putting it in storage, and dealing with health code violations or NOV's from the city during the process.