Big shoes to fill but I am looking to find an efficient way to track the income/expenses and other financials.

If they turned off some/all utilities (assuming they were at some point in the tenants name), AND there is nothing but trash left in the unit (no useable furniture, no current groceries, no clothes in closet, no shoes, no toothbrush in the bathroom or meds in the cabinet), check local law but that IS abandoned...not allegedly abandoned.

Hello everyone! I am Sam, a newer real estate investor living in Nashville TN. I have a unique investing situation and I feel sort of stuck as to my next steps or even what avenues have opened up for me. Heres a littl...

@Zeona McIntyre both partners cannot claim a nonpassive loss on 1 STR under the material participation rules (absent a REPS designation of course).

I was at a CTREIA meeting last week and they did bring up and already wrote a lengthy note to my local rep.   

We also steer those people who don't have their own insurance relationship to a knowledgeable local rep who has cheap rates with a good insurer (State Farm) and will give us a heads-up if anything goes amiss, aside from just the notification that they've cancelled or non-renewed their policy. 

Example: if you claim REPS status or you use the STR active status to deduct a total of 100k in tax losses from your earned active regular work income from your job as a plumber contractor where you earned 100k (in net business income after business expenses etc)Such that your tax bill is zero, and you normally contribute to a solo 401k as employer would that prevent you from making any contributions?

If I were in your shoes I would find a handful of markets (maybe 3) that you are interested in and start talking to people there. 

Talking with our rep, the buildings we are getting in two weeks cost $528k, would be $763k today if ordered. 

If I were in your shoes, I'd do syndications, hands down.