@Michelle Felux  It is a little more complex. 

However, I'm not sure that the related complexity is worth it.

@Isaac K.Yikes - wyoming LLC's and LLC's that manage other LLC's, and foreign LLC's...hmmms definitely not complex for tax return purposes...I just hope you weren't oversold  on the structure.You may want a second opinion on the structure from another attorney(if you haven't already paid that is).

Fixed rate 15-year mortgages only--time flies when you're havin fun and it is really sweet when those mortgages get paid off. 

How about we first start with your Criteria. multi single apartment complex 500units and over etc

Hello All,         I am currently in negotiations with spectrum cable on a internet/cable 10 year exclusivity agreement for a 233 unit complex in Ohio. 

I would not have hired an accountant outside of the country to do your taxes.Furthermore - a 1031 can add some complexity to a return.If you decide not to use the current accountant - you should at the very least ask an accountant to review your work product.Regardless if a written contract was in place or not - he did the work and you should not stiff him for the time that he spent unless you can point out that he is grossly incorrect with the return that he prepared.

I use to post a few ads at different price points to test the market to see where the top or sweet spots were.  1-3 replies at a high price was probably top of the market, a healthy 5-10 replies were usually the sweet spot.

I can't think of a more complex risky thing in real estate space than buying a non performing note in state like IL NY NJ  basically your mortgage states.. 

At least that way, you will know the problems that come up and can ask the right questions or spot the red flags when talking to one of these turnkey companies.If you are looking for good passive income returns, you might be better off just putting money into a commercial real estate deal like apartment complexes, self-storage, office buildings, etc.