@Sam Leon When you buy your first rental, you can claim up to $5,000 in start-up expenses prior to your rental being placed in service which include: minor repairs, office expenses, cost of investigating properties (including auto expenses), insurance premiums, maintenance costs (landscaping and utilities), costs to recruit and train employees, costs to create a website, fees paid for market research, business licenses and permits, fees paid to lawyers, accountants, etc (if associated with closing, will be part of basis).

We did some preliminary testing of around 1400 leads and got hits on over 90% of them.We got back phone numbers, including cell phone numbers, and things like date of birth, deceased, bankruptcy, email address, etc. 

Simply do some investigation by typing in phone numbers or addresses and make sure they match what was given.6.

so I got tired of wondering in MY state how they handled unlicensed brokering IE bringing two unrelated parties together with expectation of compensation and this is done through marketing choose the method e mail  flyers craigslist etc.so I check on a mail chimpanzee I got from a wholesaler and sent it to my state regulator with the question Hey why do I have to be licensed and they don't.. here was my reply State of Oregon - Real Estate AgencyFrances Hlawatsch | Financial InvestigatorBest regards,Thank you again for the information, if I have further questions for you during the investigation I will certainly reach out.The Agency is well aware that unlicensed “wholesalers” are rampant in our jurisdiction.

Anyway, as soon as she has the preliminary data available I will compile the summary and post it here.

However, after running the option contract and notice of option by the chief legal counsel and chief investigator at The Ohio Division of Real Estate & Professional Licensing (they go after both licensed and unlicensed people in the state), I was told the following:Yes, double closings are legal so long as they are separately funded.No, option contracts are not considered equitable title for the investor to act as the seller on an end transaction until the option is exercised (ie. property is purchased or buyer goes into purchase contract).

Then while you are saying some preliminary stuff to the caller on the phone (hopefully on a blue tooth <g>) - you can be pulling the car over and pulling the property up on the screen.

She said preliminary engineering and design would begin in February 2021.

(In fact the asset manager may even ask the listing agent to investigate further to determine that you are a bonified owner occupant).

I would investigate firing them immediately and find a new PM.