It's those maniacs that buy homes cash via quit claim deed off of craigslist that really get screwed.Make sure your property manager is a licensed real estate brokerage.Google Clayton Morris Scam and/or Morris Invest Fraud for a cautionary tale of what not to do when buying turnkey real estateUnderstand you can not eliminate all risk, only mitigate it.

I have read a lot about advantage of claim "active participation", but no article about any pros on NOT claiming active participation.I have placed a couple of properties in service in 2019 and will have a loss that can offset up to 25,000 active income assuming i claim active participation (I am not a real estate professional and I know I cannot claim "material participation").

This has been the general consensus of all the medical professionals that I've spoken with recently.

So i would say if your shopping in the affordability index and you have a job in medical, utilities, gov, education or other essential service rates are low and its time to buy.

Hi everybody,I have a question about Dr Cashflow, the program to rent 3 bedrooms in a (fully furnished) 3-br unit to the Federal Government to house disabled people.The sales hype seems to claim 3 times market rent compared to the same unfurnished unit rented to a family.Are you achieving 3 times the market rent for a 3 bedroom (or is this sales hype as in one guy did it one time kind of thing)?

Please please do not ever use a quit claim for anything except in divorce where one party relinquishes claim (quit claim).Always use a warrantee deed in both directions AND best to do this at the same attorney that closed this in the first place who issued the title insurance. 

In that case, can I claim the tax deduction ?

We are nor panicking instead trying to think though some scenarios and communicate/plan on paper . 1.Ownership:1.Create a “Medial Power of Attorney” to take over decision control if any/all owners get sick 2.Communicate ownership delegation with property manager2.Property Manager/Other Employees:1.Communicate CDC requirements 2.Outline and agree upon rent collection work process if city were to shut down 3.Outline and communicate a call tree identifying repair personnel 3.Safety:1.For employees: Release funds to buy protective gear while working within premise 2.For tenants: Communicate 2 times a week with CDC requirement as COVID19 is a REPDI development 3.For Owner: Identify all elderly tenants and communicate with them to call CDC if they would show any sign4.For Owner: Identify companies who does preventive medical grade clearing if any cases to be identified within premise. 4.Insurance :1.Confirm with current insurance to avoid and potential liability from owner to tenant negligence perspective 5.Operations:1.Review plan for marketing to get tenants if people were to leave during outbreak 2.Review plan for eviction during shutdown (if any) 3.Review cash position: 10 months cash supply covering 10 month of debt payment .

The contractor is probably outside of his ability to lien your property, so he can't tie up your equity, which leaves bringing a lawsuit - possibly small claims. 

I have four STRs in Boston and there's so much draw to the area due to education, medical, work travel, tourism, conventions, etc. that I consistently had 90%+ occupancy rates for most months.