It seems that the rest of them that got trapped into the idea that they had to go to College and do it on Government Loans, may get a Bail Out with Tax Payer money from the new Administration.

But like I said, my strategy is to find large projects with confirmed momentum and investment from large groups (companies/governments etc) and look for other property developers investing in those areas.

This is very unhealthy so the government is now investing elsewhere now and Punta Cana is pretty much done anyway, as the path of progress pretty much has run its course there.That's not my main problem with Punta Cana though.

They are all originated and held privately, compared to the conventional loans you get at a bank, which are bought or backed by one of the Government Sponsored Entities (GSEs) such as Fannie Mae or Freddie Mac.Though some here feel strongly that a private loan is one made by your mom or dentist and a hard money loan is made by a licensed professional company, this is nonsense.

We list everything we think has about an 80% probability of happening, with any correlated extra fees if it's not covered by the management fee.Well, no one could have foretold a pandemic would hit the world, or the resulting Eviction Moratoriums, so it wasn't covered by our contract.We sent out a message to all our landlord clients in April 2020, when the first round of government rent funds was announced.

For federal purposes, the LLC(s) still have to file a return as you have been doing. 

My husband is concerned about the economy there cause it’s solely dependent on state prison, federal prison, and farming. : / soooooo I’m not sure we will go through with it

It's solely governed by (1) AGI and (2) active participation.It's important to note that a lot of taxpayers will take the standard deduction for 2018 at the federal level but will continue to itemize at the state level.

The state has allowed you to pay a tax to get government sanctioned liability protection.

Some items that are hard lessons learned that I have been paying attention to as I learn about REI are as follows;Insurance can be incredibly slow to pay out (we are still displaced from our home and not able to pay for both rent and a mortgage out-of-pocket anymore)Federal programs that should be there in times of need like this may not be (FEMA won't help until the insurance claim is finished and those I know who flexed the SBA loans to help float them until insurance paid are wishing they hadn't)The timelines for repairs, availability of repairmen, and cost of materials has skyrocketed around here.Local businesses have closed because their employees left the area and there weren't enough people to keep the doors open.