Am in holding pattern until further notice.The buyers are in a foreclosure on their present home that is underwater, and there were some other financial problems too.They are just wanting to downsize and get a fresh start.

From a China perspective, I can confirm that the demand for US real estate is significant and is on an upward trend.

You can use property management either way, but many property managers don't want them - less money for more work from their perspective.

This is clearly a cost of doing business from a practical perspective, but is it also considered a tax-deductible cost in the eyes of the IRS?

Bumping this to get some fresh input, in gearing up for 2017.

I'm a newbie to BP...love the depth of knowledge I'm seeing on here.If you keep your quest for private mortgage lenders with people you know...are there any disclaimers or disclosures that "need" to be made to these people from a legal perspective?

But, from their perspective, helping you is just creating a competitor who may steal deals from them in the future.

@Jay Thomas I consider direct posting to be FRBO but that could be a gray area from the brokerage's perspective

I'm not looking at buying that specifically, I just want more perspective. 

However, consider looking at the difference between the two from the perspective of the investor: With a syndication, I am fully informed on a specific deal and see the specific returns it can provide.