You still have the cash as a security blanket but it is actually earning it's keep rather than buying crumbs.I understand conservative investors, what I do not understand is why they invest in real estate since they have no concept of the true value of their cash.

I am also curious if you are planning on keeping the current tenants or moving into one of the units to secure a FHA loan to house hack a little bit. 

Therefore, you shouldn't file Form 3115, Application for Change in Method of Accounting, to make this election or to stop applying the safe harbor in a subsequent year.

They are a consulting firm who tells me I can file my taxes and set up an LLC through them and be protected by this state laws.

On thing I can depend upon is me to take care of business and secure my investment.  

Much easier than trying to fight it out with Airbnb and get the security deposit that was never taken.

I also know a fantastic PM here, too, which might help you feel secure about continuing to invest in the area.So you're living in NY and your first two investments were in OH and PA? 

Mostly likely you will not have to pay any gift taxes, but you will have to file a gift tax return.Also, your son would be legally entitled to his share of the proceeds. 

So basically since I didn’t listen to what the one receptionist told me, I was able to secure the property myself.

These risks are detailed in our LRO offering circular and other filings with the U.S.