Not worried about it, and the FDIC is there if something goes bad. in actually a little worried for you, if you have millions in rent collection per month, so you have sufficient FDIC coverage?

I'm states where e&o is required, it may actually then end up disqualifying you from having a license then.

Hello BP,I have a tenant who I started the eviction process who recently moved out before the court date but left with a substantial balance.

Educate yourself and prepare for the worst-case scenario before the problem actually occurs.Here's a resource: https://www.kickemoutquick.com/MEMPHIS_TENNESSEE_EVICTION_PR...Read up on that, understand it, and then start taking action.

At least they’ve given up selling the LLC as asset protection but I don’t think it does much better for privacy from anyone that actually cares to find out. 

i would try to get a few LOCAL, COMMERCIAL agents on the phone and ask their opinions on the going cap rate for c class multifamily in the area, and the actual vacancy rate they're seeing.

If you have losses that high then it is worth your money to hire a CPA to prepare your tax return.They are paper losses not actual losses in the bank.What will be an example of passive income that is not real estate rentals.I'm assuming that capital gain from stocks is not included and can't be used to offset real estate losses even though they are passive income?

@Phillip Vaughan you could do an actual mortgage + note.

Greetings, BP Team.I am putting the puzzle pieces together in order to get ready for my first project, and ask that Houston-area investors reach out to me with the names of trusted contractors.Specifically, I am in need of a general contractor that:1. provides estimates of rehab works that come reasonably close to actuals (firm bids would be a plus),2. is able and willing to do cosmetic work as well as studs-deep rehabs,3. has a dependable crew(s) and is known to hit targeted completion dates,4. is knowledgeable of Houston / Harris County permitting and inspection requirements.As this will be the first of a long line of profitable projects, I really appreciate your referrals and any other recommendations that you could lend me.Thanks in advance!

I rent every room in my house out that my kids are not in so that brings me  1500.00 more I get 1000.00 from the trust only but grateful I get it  and I have another rental I covertly rented for 1700.00 I am actually working on two more rentable places in basement and a tiny home I got a good deal on to rent as well.that will bring my income to almost 7500 a monthI have a resource to get 140,000 k as long as long provide a house to them they can rent for the rest of their life,they are sick and we talked the terms out as he will sign the house over upon death.