If you need financial help, ask under the "Finance, Tax, and Legal" forum.

As for income verification, I require the applicants two most recent paystubs and if self employed I need their most recent tax return.

It’s a tax office, so I suspect they might be waiting to see how their business performs and the impact of technology before deciding.Thanks in advance for any advice or insights you can offer!

@John BowensAre you loaning from a pre-tax 401K or did you convert to Roth and then loaning from there?

The technicals (migration rates, job growth, tax situation, debt cost, etc) to work as well.

Fail to produce K-1s in time for LP tax returns to completed on time, refuse to communicate with LPs, when LPs start to express frustration.Cheryl Cheryl, I'm sorry to hear this.Many investors learn expensive lessons with their early investments.Knowing nothing about this deal (because I didn't invest) I can already tell you the 24% projected return was a major red flag (in my opinion).

Expenses will level off: Multifamily operators have been plagued by expense increases in the form of taxes and insurance, for the last few years, especially in the south, and especially in Florida and Texas.

The post was trolled and then moved from Tax section to Classifieds section by BP.... 

When you add purchase price, carrying costs for at least 6 months, materials, labor, real estate agents costs and taxes, do you have at least a projected 10% profit?

If you need financial help, ask under the "Finance, Tax, and Legal" forum.