If it is still active and true that IRS has 120 days to come for the 90k, I would then not want to start any rehab on the property during this time, as that is money I would not be reimbursed by the IRS.

Yep - lenders use as is values and ARV (After renovation values) which would be "cost" - to determine how much they are willing to lend. 

Availability of jumbo loans is really important to determine when the prices bounce back at SF Originally posted by @Chris Mason:Buying in SF is a bet that a) "jumbo" loans will return to 2019-levels of availability and b) working from home is going to largely go away once the economy re-opens.For b, your guess is as good as mine.For a, you can track the general ease of availability of jumbo loans at the following link.

In full disclosure I am not looking to join one, I simply want to hear from those that have.If you have currently invested in a group such as this, what was the value you saw in the program and what was the determining factor that made you decide it was worth the investment?

It is difficult to determine which state is the best because it is a case by case basis depending on the market, individual property, and the owner.

REMEMBER, if you screw up the IRS considers it a 100% cashout of your IRA including penalties and taxes being due.

I know STR income is treated as active by IRS (like a hotel) and I have S Corp.

You determine if you need the policy according to your investment strategy, assets in teh LLC, and risk tolerance. 

You have to define your goals, know that market, and also validate those assumptions, to determine if it would likely be a success. 

Applicants can give you tax returns they made up that they never filed with the IRS.2) How long has tenant had this business?