If this is an LLC with multiple members, it may require the filing of a separate tax return.Those who are involved as a contractor may be more capable of obtaining real estate professional status.

Keep him as informed as he wants to be about status and be transparent about everything.

It is like they just made the note and are taking a loss on it.General Note Information Lien Position1st Mortgage/Deed of Trust Note Status PerformingNote Type Conventional # of Payments Last 12 Months0 Paid To 01/01/2017 Loan Maturity 01/01/2046 Property Type Single Family Res Original Balance $64,125.00 Principal Balance $64,125.00 Est.

After which, we had the Savings and Loan Scandal and S & L bailout.I like the status quo.  

Its not easy to get written estimates in the short time that you must notify tenants of their deposit status.

I am NMLS myself and state ( although inactive status right now as I dont lend money per se)..

The Owner is committed to compliance, and the Manager ishereby required to comply, with Title VIII of the Civil Rights Act of 1968 ("Fair Housing Act"), whichprohibits discrimination in the sale, rental, and financing of dwellings based on race, color, religion, sex,national origin, disability, or familial status.

It's time to dump conventional wisdom, conservative thinking and the status quo when it comes to real estate investing.

It's time to dump conventional wisdom, conservative thinking and the status quo when it comes to real estate investing.

If I was your Realtor, I would ask that you get to see the finances of the duplex so far, i.e. if tenants are actually paying rent on time, the current status of the leases, etc.