I’m considering joining this LLC but I’m trying to do my due diligence and understand pros and cons.

Also, if it's in an HOA, you need to find out the dues so that they don't put a lien for nonpayment.

this  make sense  if you were planning to  refnance  the  1st mtg anyways  ...otherwise  - I would either keep looking for another 95% heloc  or  make due with a  90% cltv  heloc program 

For future years, we probably wouldn't meet the 500 hours test (though we still do participate a significant amount as we periodically re-stock supplies at the place, handle most maintenance issues due to shortage of workers in the town, and monitor sensors during guest stays - leak sensors/heat/stove).Specific Questions on Depreciation:Assuming that I have the qualifications for non-passive activity, I then have some questions on bonus depreciation and related stuff.5) It is my understanding that Qualified Improvement Property (QIP) bonus depreciation is probably not useful for me because I did most of the renovations prior to placing the property in-service (save for a few things).

I found a company selling small notes on raw land ($10-$50k range) that they buy out of bankruptcy/tax sales. 

I am a realtor myself so I can save on fees but my assumption is if I sell I end up somewhere with $200k that I would then need to pay capital gains taxes on. 

The 3.5% would be due with the first months rent before move in.

like what kind of surprises can we see with REO like backed taxes, association etc?

Now, I am looking for a legal help to open a case on this b/c the platform did not do the due diligence of challenging the refund or letting me know before they refunded the paid rent.. 

These supposed tax savings though… where are they?