What you’re describing is common, and it usually comes down to how the screening data is sourced and verified.Not all background checks are the same.

I put together a 2026-focused tax strategy guide geared toward military investors (PCS, out-of-state ownership, high W-2 income, limited time).It covers:Buy-and-hold: depreciation + common deduction categoriesSTRs: the average-stay threshold + material participation concept (high-level)Flipping: why it’s often treated as active business incomeMultifamily: why cost segregation can matter more at scale1031: 45/180-day fundamentals + QI requirementQuestions for the group:For STR operators, what’s your system for tracking material participation hours without making life miserable?

• Common pitfalls or risks I should be watching for?

I was cinsidering renting out the second room of the townhouse, but it's a small place and I'd have to share the common areas, and I'm not sure how comfortable I'd be with that now.

Those stories don't get featured on podcasts or posted here, but that is the most common outcome in the out of state, low purchase price/BRRRR investor story.

What was common in  those days was for an investor to put up the down payment and the first time homebuyer got the loan and the investor and homeowner did a JV on the property.. the down payment was the major stumbling block for most of these buyers so the banks did allow an investor to put up the 20% down needed.

You would have something in common with the attendees.  

When I pressed them about the dead LLC they said that the error must be on my end.Screen shot directly from the Ohio Secretary of State website below.

Hey BiggerPockets fam!
If you could give one piece of funding advice to someone doing their first flip, what would it be?
Trying to help beginners avoid mistakes and have smoother closings.
Thanks for sharing your ...

I feel like this is more and more common today with people that are just getting into real estate investing, buying at top dollar, and in general underestimate the construction costs in the scope of work.