Sounds like its a $4k tax planning fee and then they do your taxes as well for an additional fee. 

Additionally, you will still be responsible for paying the cost of the house and any associated renovation expenses, which may be a significant financial burden. it is important to carefully weigh the benefits and drawbacks before making a decision.

I hope Mario can mitigage his losses by selling the property quickly to stop the bleeding, or re-tenant and refinance to less expensive debt but this serves as a case study on the perils of investing in lower tier neighborhoods.The amount of people on the internet and social media selling the false narrative of how easy it is to create wealth through investing in real estate, specifically these lower tier neighborhoods is upsetting. 

Thats $5,500 in free money a year you can use to contribute towards any other debt such as the 2nd lien or student debt.

I was under the understanding that this would be for an additional investment that would be non-owner occupied.

if you need additional advice or further help, feel free to message me. 

Hey @Christopher Eduardo, Please talk with a tax lawyer to make your final decision, but in general: In a Chapter 13 bankruptcy, a debtor creates a repayment plan to gradually pay off their debts over a specified period, usually three to five years.

Additionally, when I cancelled, Peter could care less.

Ideally I would like a property with 2 3-bedroom apartments and an additional in law apartment .

Additionally - it helps if you reinforce to the broker that their commission will still be paid out.