When smaller PM companies don't have the resources, manpower, and processes in place...they tend to let things like this fall through the crack.  

Facebook is the last place you want to find private money. whats unfortunate is real estate professionals are still advertising to us newbies Facebook is the place to find the lender.What’s even more unfortunate, @April Smalls, is that newbies are falling for it.A few years ago, someone created a fake website that impersonated our company.

 @Tylere WeaverI am located in Granville/ Glens falls, NY area (Washington County) 

Many of my best clients come from direct lender fall outs.

I just worry about some worst case scenario where a tree falls on the property or the property unexpectedly floods 

I took no money from the cash flow (when there was any) and I never made a late payment to the bank.This fall, nearly 12 years after the bank gave me that house, and over 15 years after I knocked on that door - after evictions, vacancies, insurance claims, and never taking a dime out of it - I sold that house and placed all of the proceeds in a 1031 exchange.

There are many excluded, niche groups (beyond the scope of this post), but here are the ones that you could fall under:Large Businesses20+ FULL TIME W2 US based employees; ANDU.S.

Sister starts to dance and trips and falls.

So far, it’s almost going a little too smoothly and we sort of feel like we’re just waiting for the fall.

Each has their own tax implications.There are some alternative methods of calculating how much of the distribution and therefore the interest expense falls under this category, but the bottom line is that it is very important to keep track of.