IE private lending with Experinced operators you will make more money in the long run safely.

I'll be the first to tell you I don't know, but if I find a good deal I can buy safely that I am confident will cashflow for the duration I am a buyer.  

Look up Jilian Sidoti a reasonably priced SEC attorney from my reading.raising money podcast: http://www.biggerpockets.com/renewsblog/2013/01/31/raising-money-getting-started/ Reg D: http://www.biggerpockets.com/forums/51/topics/82808-reg-d-and-ppm legality of borroing: http://www.biggerpockets.com/forums/49/topics/73106-legality-of-private-money-and-sechttps://www.biggerpockets.com/forums/30/topics/83634-are-lonne-deals-dead---safe-act Jillian S: https://www.biggerpockets.com/forums/49/topics/94458-what-the-jobs-act-could-mean-for-you Some states exempt mortgages from reg D: https://www.biggerpockets.com/forums/49/topics/87220?

My understanding of the new IRS regulation to take effect Jan. 1, 2014, is that the "safe harbor for small taxpayers" regulation will allow qualifying taxpayers to avoid having to determine whether an expenditure is an improvement or a repair so long as the total amount spent (per building) is the lesser of $10,000 or 2% of its unadjusted basis.

It is safe, secure and quick.

Download your state landlord tenant laws..Is electric the only issue.. this storm is an Act of God,, and as long as the general area is out, not just your building because of needing repairs,, you would not be responsible to refund rent.. but is it safe to let them return or maintain living conditions.. what's your liability if a fire broke out and no smoke detectors,, they have probably no hot water or A/C.. 

I was Leary of buying a rooming house but figured these guys aren't going anywhere so it's safe. 

I'd keep the list of projects, their estimated costs, the disclosure, and the photos to back up the work list in a safe place.

The tenant needs to know it is safe and you need to know what is going on.

Could safely get $1200.