Certainly, if you start messing with foundations, joists, girders, load bearing walls, steps, decks, headers, studs, trusses, beams, rafters, roofing, drainage, etc. you better have someone that knows what they are doing.

I've been commenting and connecting here and there but decided I need to just jump in instead dipping my toe's one at a time.After listening to the podcast by Patrick O'Shaughnessy, Invest Like the Best - The Future of Financial Services with guest Zach Perret (Founder of Plaid), I pondered more about some of the topics and one in particular stood out to me.

Since we didn't have the pressure to sell, we stood on the sidelines to wait as the NPN market recovered. 

We can't even do small repairs any more and we have to pull from reserves every month just to pay the regular bills"It was a real WTF moment as I stood up and educated the board and the other homeowners as to this HUGE deriliction of duty from the board. 

Politicians stood beside doctors.

Two, it's an asset free & clear of sentimentality.The red flag that stood out to me is "...I love this house..."

.), the part that stood out to me were the possible changes related to real estate that may be put into place. - eliminate the $25,000 exemption from passive loss- eliminate section 1031 like-kind exchanges that allow deferral of capital gains- eliminate rules that allow faster deprciaion write offs (I assume this is geared toward killing oppertunity zones)- eliminate qualified business income deductions for profitable real estate activity- elimination of basis step-up for inheritance I wanted to see if anyone is planning to make any changes or take any specific action mitigate any of these?

If you've never stood in a doorway and announced yourself as THE LANDLORD to a new tenant that doesn't know you, the reaction you'll get is memorable enough to be well beyond a simple business relationship, trust me.So rather than defining the LL-tenant relationship in business terms, I tend to think and talk about it in biological ones.

Nothing has stood up to the longevity of real estate investing.

This is a very scary time to buy properties with bad tenants because all they have to do is sign a piece of paper that says that covid-19 stood them and they can stay for free.