I dare say that almost without exception every subsidized tenant I have had has cable tv, LOTS of beer in the fridge and a continual chain of cigarettes.

A few others to add: 1) there are no tax advantages to note investing, 2) a note decreases in value as the principal balance is paid down, 3) the borrower can stop paying and it is possible you cannot foreclose because there is not a clear chain of assignments/title, 4) see my blog post here on BP comparing notes to rentals: https://www.biggerpockets.com/...

They've replaced me and my job, which is basically to interface with management, and they've also taken over management, and the owner is in theory at the top of the food chain, so the Turkey Companies have extra layers and still there's room for cash flow to the owner?

@Donald Thomas, congratulations on your first meal.

I experienced many challenges along the way in the form of delays in working with governement agencies, contractors, supply chains, etc.

-Two Chains, probably

I know the rehab costs get added to the cost basis of the property and will be depreciated rather than discounted as operating expenses, but I want the real estate professional status for two reasons.1) I can't use depreciation to offset income tax without it, as our household income exceeds the IRS limit for real estate deductions.2) There are many other things to write off, such as taxes, insurance, subscriptions, meals, books, phone & internet bills, miles driven for real estate errands, office supplies, home office deduction, etc.However, maybe it's not that important for me to achieve the real estate professional status this year, as I have just learned that I can carry the losses forward into next year and stay focused on achieving the status by the end of 2021.

A little flapper, fill valve or chain adjustment that takes me a few minutes, gets me inside the property interacting with my customers and saves me a $150 plumbing bill is exactly why I do it!  

If you buy under your name now and transfer to a trust later, it will be harder to cover your tracks as your personal name will appear in the chain of title.

Every once in a while we start to get lazy and eat out almost every meal.