I recently had to do an eviction a property I own and in addition to costing a ton of money in lost rent and lawyers fees, it also stressed me out a lot.

I use an LLC - but I'm not a lawyer and not from Cali - so as much as it sucks, bite the bullet and set up a meeting with a lawyer.

I am too far away to effectively handle the rehab and a good contractor with knowledge of how to handle this kind of loss could make a profit on the situation whereas I will be lucky to break even.

Morning BP FamMeeting with my RE lawyer today any questions u can think of I should ask would be helpfulThis is our first meeting

Between that and my conversation with an attorney and CPA yesterday, it seems like the regular 501(C)3, with a traditional fundraising model, would be more effective initially.

This will allow you to side-step your competition and be much more effective at finding some high equity deals.Depending on what kind of budget and time you have available to work with, direct mail, advertising and networking can all be huge avenues that will bring you some profitable deals pretty quickly.

And consider the idea that "what goes around comes around, and nit just how that may effect MY life, but do I ensure that what good does come my way continues thru my actions to reward others for the good they are doing.

Well because I'm new I would ask a lawyer the best way to convey this message: This is a fire hazard and these items need to be removed promptly.

Learning to operate under significant pressure, crunching numbers, how to effectively manage time and dealing with very angry people.

But I'm curious, and the tax guys can probably give examples, if you are at 155,000 and you have hit a phase out/rule that says you cannot deduct 25,000 in depreciation, isn't your effective tax rate on that last 5,000 over 100%?