However, I'm good and never carry a balance.

Your objection must be sent to Mr Wonderful Landlord, 111 Gold Paved Avenue, Naples, FL.Here is my recent post regarding handling of security deposits:https://www.biggerpockets.com/forums/52/topics/474340-dear-fl-tenant-i-intend-to-impose-a-claim-on-your-security-depos

Originally posted by Account Closed:@Engelo Rumora born ready. love a good fight,but carry with a CWP everyday. just texted you Ok mate,I'll watch you fight and when you drop someone, I'll jump in and give em a few soccer kicks hehehehehex

We still discuss shop setup, tools, etc, but this analogy seems to carry over to local REI.

This is a common addendum that obligates the tenant to promptly report water and mold issues and limits their rights.Also, does the lease require your tenant to carry renters insurance?

A good PM is worth their weight in gold so I'd interview and connect with as many as possible in the market you're looking in.

Even then, you may be able to defend your "for profit" intention, depending on the circumstances.An analogy: if you wear a police uniform and carry guns - you are presumed to be a legitimate cop (other than in a Terminator movie).

There is no specific type of property just sitting there like nuggets of gold that can assure anyone who finds it and gets started with it will have instant success.

That means you establish a Traditional LLC to carry out the operations of your investments, in order to separate the liability from your assets, including: paying property management, paying contractors, collecting rent, marketing, etc.

If the income is subject to UBIT and/or UDFI, then filing would be to your advantage, as you could then carry forward that loss to offset any potential income in future years.But, investing in a syndication does not automatically create UBIT or UDFI exposure.