I don't know what they're talking about.

Privatebmoney is just that, private and built by you from talking with others with capital.

Today I was at my Business Finance Course and we were talking about TAXES; my professor who shall remain nameless mentioned that "only ~1% of all taxes filed are ever audited" before he said that he was discussing tax deductions and how you can "tax deduct lawyer and attorney fees on business related expenses"(contract, legal and financial advice, etc.) 

Also, talk to property management companies, they have inside knowledge of the owners. 

In addition, by talking with potential tenants directly, it will help you quickly determine what exactly is preventing the unit from being rented. 

https://www.facebook.com/groups/310655909069975/https://www.facebook.com/groups/austinshousingsour...https://www.facebook.com/groups/InvestorUndergroun...https://www.facebook.com/groups/InvestorAboveGroun...If you get to Austin, give me a shout we can get a coffee and talk real estate.

However I talked to somebody yesterday with development (but not syndication) experience who got me worried that this was not typically the case. 

Talking to other investors, they say this fee is too high even for the DFW market.

If someone comes to me, I'll send them your way.If you need help in your search or want to verify something don't hesitate to ask.For example: I have clients worldwide and things are just as easy as I e-mail them, talking on the phone.

All are welcome to join to talk business and passive income!