If a property owner is not paying HOA dues and fees, the property taxes are probably delinquent.

@Jennifer Wong  I have changed my leases to 11 months to avoid locking them in as permanent tenants after 1 year. 

I'd get on some off-market lists, but avoid those areas(NE Durham, most of 27610 just south of the ITB, etc.).

They now require 24 hr care and he is trying to avoid selling his home to pay the $65k that is owed.

A multi-member H/W LLC in NC will require filing a partnership tax return.

You can learn from them and hopefully, short cut the process and avoid some of the mistakes many of us made in our journey.Good luck!

We understand we need a lawyer to create a warranty deed but we have some confusion on how to handle to tax portion.

You can make this election at the same time you file your taxes by filing Form 1120S, attaching Form 2533 and submitting along with your personal tax return

I don't think my tax advisor is claiming depreciation for two rental properties and I'm looking for some help from the BP community. 

This type of financing will typically look very different and more like a traditional commercial real estate loan.That means a DSCR calculated based on a full NOI and expense load (so inclusive of vacancy loss estimates, credit loss estimates, repairs and maintenance, utilities, management fees and more – in addition to the property taxes and insurance expense that are the only expenses factored in on traditional residential style DSCR loan financing).Additionally, the DSCR minimums are generally going to be higher (typically up to 1.25x), the loan to value ratios lower (higher down payments) and underwrite more sophisticated (which makes sense considering the size and scope of the property).Many multifamily investors for properties of this size (such as more than 11 units) can syndicate capital and have more sophisticated financial and entity structures – its definitely a different world once you get up here in unit count.In Conclusion – when you are looking to invest in multifamily real estate and finance your investment – make sure you have the unit count in mind before you start shopping – the unit range can have a huge effect on your options.