Hi @Sonit BhattWelcome to bigger pockets!

@James Perez is it too late to welcome you to bigger pockets?

Education Expenses and Professional Dues.Bigger Pockets offers a wealth of information for free, but you will want to supplement the information available here with good books, classes and other resources.

I was wondering if any of you Bigger Pockets friends had a good contact or the company who has teh Ginnie Mae Reo Contract.

What would you do Bigger Pockets Nation?

That's $625 a month not going into my pocket during the hardest months of the year to rent out property, this apartment will probably sit for a couple months, so I certainly didn't make the decision lightly.There is more too it than just the complaints and lack of respect for my time, certain mannerisms and things he has said that make me uneasy, things hard to describe and quantify.

For taxes, can i file as a lost, specially if i ended up paying him back outta pocket?

But, geographies vary greatly, so maybe you can consistently achieve that with a broader focus.If you aren't going to be close by to manage the property manager, I'd suggest nicer neighborhoods or looking for pockets of nice in the lower areas.

Still, you will see some large companies go down and then see creditors go after the individuals assets because they guaranteed the loans.If you are a single member LLC and you self manage your protection is minimized compared to a multi-member and separate management.Having an umbrella is important.If your personal net worth is high you are at more risk even with 1 property because lawyers always look for deep pockets.

What ever monies extra you give him for being a nice guy, comes out of your pocket (profit).