My explanation touched on a few things but there are many more problem's that can come up using a Heloc.

LLC structure - one property per 1 LLC that roles up to a Holding Company (I've heard that if you have multiple properites in one geographic area that's probably okay) 4 Holding Company is held in a Living Trust I have no input to your location, but check out the STR Law Guys - I've seen them present at a few conferences and its good content. 

My familiarity with property type / geographical area9.

Usually there is a reason - you should have at least been given and explanation from your broker or lender r

@Heath D Wallace The first thing that strikes me as odd is your explanation on the work being nearly complete, yet no duct work followed up by your second post that the original contractor is completing finish work while the HVAC contractor you selected is completing the HVAC scope.

The e-mail came with no intelligent explanation or why are all the properties are in the same boat?

Your explanation on STR income being active with material participation cleared up a lot for me especially how that ties into potential deductions and even real estate professional status.

It’s usually better to include it, even if you have to footnote or attach an explanation about missing prior-year K-1s.Worthless investment – Yes, if the foreclosure wiped out your stake, you may be able to treat it as a worthless partnership interest or a Section 1231 loss.

In Puerto Vallarta, there are geographical restrictions to building in the form of mountains and permits are much harder to get.As a result, the market in Puerto Vallarta is still doing well and consolidating after a big increase during Covid while Tulum has crashed post-Covid.

Did the property management company have an explanation for why they keep fumbling on their tenant selection?