@Kate Lee Every state is different so I don’t know how it works in TX, but here in CO the agent/client relationship goes like this: unless there is an agency agreement in place you are a technically a customer and we’re not supposed to advise you or advocate on your behalf.

I'm strongly considering taking one of my pre-foreclosure letters and customizing it for HOA delinquency and sending that. 

To qualify you have to have lived in the home 3 of the past 5 years and claimed it as your primary, so if you sell within 2 years of moving the gains are tax free.

@John Anderson You can just set up a new LLC with new EIN and then do a quit claim deed to the new LLC for $5 or $10.

I need to formally evict them with the attorney but plan to sue for all of the damage they caused in small claims court on my own.

Yes, he realizes there is a short term opportunity cost in that he could be charging a higher rate to retail customers, but the upside of the profit from the flip or equity in a BRRRR outweighs that.To me if the contractor partner started marking up his labor like a regular job it would be no different that the money partner starting to charge additional interest on they money put in or charging fees for borrowing for other sources.

Also, if I borrow from my life insurance policy can I deduct the interest paid back to that loan without claiming that interest as income on my personal return?

For example, some people would claim that if the borrower owned another property free and clear, and either borrowed against it for the down payment on the purchase of a new property, or put the owned property up for additional collateral, that this is nothing down since no money came “out of the borrowers pocket”.My definition is much stricter.

Remember it's a business, and tenants are the customers.

I invested $25k into a 312 unit apartment complex as a limited partner last year, and I would never claim that I own 312 units.