That was after a complete remodel (all new carpet, paint, etc.) and two boxes of the bug bombs.If you don't spend the time/money up front to tackle the problem it will keep coming back and will cost you a lot more in the long run (multiple extra treatments, tenant loss, vacancy, possible lawsuit, etc.).

Just because you claim everyone as an independent contractor with your accountant, does not mean the State will automatically classify them as independent contractors.2 Quick tips - If they can make a profit or loss on a project and control their own schedule, it hard to argue they are an employee.- Always get the certificate of insurance from the contractors insurance agent, not the contractor. 

He took a significant loss, we took a small one.If you're planning to use hard money to buy a rental, you will need a plan to refinance into a permanent loan before the end of the term.

They will have to show a hardship such as loss of job or income, unexpected medical expenses, etc. to qualify usually.

Cut your losses, get them out!

The most common options would be renting or doing a lease option/purchase -- but with a hard money loan, you'd be hard-pressed to see positive cash flow and you'd be forced to pay off the loan when it comes due.If you absolutely can't find a way to pay off that hard money loan, my suggestion would be not to borrow the money unless you were practically 100% certain you could either sell the place for a profit or you could bring the money to the table when selling for a loss.

So, my only risk here is loss of principal purchasing power due to inflation.Correct?

The reason I ask this is that I opened a dental office(S corp) in 2013 and it will show losses, but I would like to maximize the amount that I can get for a new home so would an extension on my taxes allow that for me?

Part of it was a learning curve(i.e. check public eviction history prior to meeting applicants there if you don't accept those who've been evicted, or having them call to confirm the day of showing so as to not stand you up) The other part is our strict criteria (current home inspection, employment verification, landlord verification) we invest in a working class neighborhood where people tend to shade the truth more often than not.

There is a nascent crowdfunding industry group and my hope is that they will address this issue or risk a huge loss of confidence in the business.