For those who already have someone working for them what did you find to be the challenge when training someone to take the job serious if working from home.

What are the risks and challenges do you see?

We have done a couple of deals with wholesalers in Vegas, and had one to thank for our biggest home run last year.     

While the city council’s societal heart may be in the right place (for the tenants getting priced out of the Seattle) the onslaught of recent ordinances (1st in time application - challenged and overturned in Court, limits on move-in costs / pet fees, no criminal checks, etc.) these have in many cases encroached and/or completely ignored landlord/property owner rights and create such complex regulations that it is in many cases not feasible or cost effective for small mom & pops to manage their own properties, so they reach out to pros and pass the costs along to the tenants.

One of my biggest questions going into my first purchase is, how can I get my second, and what does that timeline look like.

I guess my question to the group is have you syndicated in the past and with your first deal where did you find the greatest challenge?

Your biggest problem I see is local jurisdiction red tape, meeting code and the worst part....finding inspectors that know how to look at it the right way.

Those are just the safe harbors; you can try to take the deduction without use of the safe harbors but the IRS may challenge it.With the "in service rules" you need to have the property "in service" in order to take any deductions. 

And as I suggested in my post above it was in the more challenging area of South Shore around 79th St.   

One of the biggest confusions I've had so far is market analysis and what to look for and where to go find the data at.