Hey Everyone, I am working on a meetup and a place to talk about REI.

If it wasn't fraud but simple incompetence (and he lost the money), then that isn't a crime and your options are more limited.Your legal contract (and/or the state laws the entity was incorporated in...depending on where) most likely requires the sponsor to share books and records with you (so you can at least know what happened).

But since this wasn’t the initial plan, I already placed the home in an LLC about a year ago, will that prevent this rule from being valid?

Right now, for the liability coverage, we have an umbrella insurance in place. 

A place like Austin, TX has been over built and rents are going down and vacancy rates are going up vs. a small market like Reno, NV the rents are increasing because of a lack of supply and driving appreciation and prices up. 

I appreciate any insights or experiences you can share.

Bigger Pockets seems to be the best place to start! 

As I mentioned in my original post on here, the warmer summer months will take care of themselves, but if you want to have the STR operating all year round, the winter months require much more effort to make your property a place people will want to visit and stay even when the weather gets nasty.Nothing against VRBO, but I would also take a few minutes to check out what listings are available on Airbnb as well. 

Sharing your experience is one thing, but giving legal or tax advice is quite another.  

I've made it my mission to share my experience with as many real estate investors, home improvement contractors, and homeowners in the Greater Pittsburgh area as possible.I wanted to give you a heads-up about my experience with Affordable Dumpster Rental.