So, if your MAGI is over $150,000, you won’t be able to take those passive losses against other income, like your wages.There isn’t actually an $80,000 threshold in the tax rules as far as I know, so that part might have been a misunderstanding.

Being clear about what’s covered in the lease and by local laws can avoid misunderstandings and set their realistic expectations.If you do plan to carry out the cosmetic upgrades (because the property is overdue and of course you want to ensure your tenants are enjoying their home to the best of your abilities), try to schedule the repairs at times that minimize disruption.

Issue two is that because it is essentially a game of telephone, there are delays and many misunderstandings. 

Having clear, mutually agreeable terms can prevent misunderstandings and keep your options open.It’s always best to consult a real estate attorney to ensure the contract aligns with your interests, particularly if you foresee independent deals.

Ultimately, clarify with each broker upfront about your intentions to avoid misunderstandings and ensure they’re comfortable with the arrangement.

A well written management contract should clearly spell out what is expected of both the PMC and the owner, to PROTECT both and avoid misunderstandings.

I believe you were misunderstanding the training.

Open communication is key in maintaining a positive landlord-tenant relationship, and being transparent about potential changes can help avoid misunderstandings.

However now I know what to look for and will make the call if there is a misunderstanding on my part.Spoke with the seller and offered to pay first payment of the note at closing to which it was agreed to.

I would see if there was a misunderstanding with the lender.