I’m guessing your mls allows a listing by a non owner, hence your reason for obtaining permission to place it on the mls, so the agent’s contract was with you, not the owner, so the owner had no liabilities to the agent.

Didn’t read the actual bill but it seems they are only easing the rules for the smaller banks and credit unions, under $10B in assets.

Do I accept the other investor’s money only when I have enough money to buy another asset, or I get them immediately?

there are elections ( sometimes mandatory)  that partnership can make after the transfer of the partnership interest to step up the basis of the partnership's asset.

Therefore, your asset is not In Service and De Minimus Safe Harbor would not apply.3.)

He told me to obtain a mechanical permit and building safety inspection for the heater and have a licensed contractor conduct the work per California state law.

I’ll try to get reimbursement for expenses since taking this down another road by going to court for specific performance and forcing the sale of the house would likely leave them in bankruptcy.first rule of law you dont Sue people who have no assets or equity  LOL

Asset is an average performer, not much to improve. better use of your time to start thinking about how to buy the next one better.

@Mary Ann CaseyYou could put it all under 1 Umbrella Policy, but I think you would be violating the IRA rules with commingling your personal finances with your IRA...but I am no IRA expert.The maximum # of Umbrella policies would be 2.  1 covering all of the assets in the IRA Second going over your personal home and auto, along with all of the rentals.

I was able to obtain it a different way instead.