You think that you hired a specialist and are paying for the corresponding quality, while in reality you might have some under-trained, unmotivated and unsupervised anonymous data entry clerk doing the work, full of costly mistakes and cut corners.Often, low-cost CPAs get overwhelmed with the amount of work they take, resulting in rushed poor quality product and mediocre (or worse) service.

These include falsely claiming to have closed dozens of deals when none were ever closed, illegal payment of undisclosed sales commissions to bundlers and independent contractors, advertising the funds as safe and appropriate to investors with obvious near-term needs for their capital, creating fund of funds en masse assembly line fashion with no corresponding SEC filings, unregistered brokers/financial advisors acting in that capacity absent licensure, having customers wire money claim the fund is fully subscribed and putting them into a high yield promissory note, accepting funds from unaccredited investors, misrepresentations about the debt put on the project, lies about experience level of the principals, omissions of material facts, and at least two straight up Ponzi schemes.While it's true that some legitimate operators are having issues in their portfolios, today's circumstances are a perfect example of the idiom, "you can only discover who is swimming naked when the tide goes out."

😊Essentially, Congress is allowing "cost recovery" deductions without regard to obsolescence.ACRS eliminated salvage value, minimized exceptions and elections, and moved away from the useful life concept.ACRS allowed depreciation deductions for recovery property over a predetermined recovery period by applying a statutory percentage to its basis (cost).Under ACRS allowed "depreciation deductions" no longer correspond to literal depreciation.

I am just decently known in my space so people just click on my links.So $3K/month... corresponds to 15 HOUSES.If each house would cost you $400K, that would be a $6M investment, just to get $3K passive income?!

They did all the things they were told were right and responsible and now they're completely screwed, and sorry, their kids are all going to glorified correspondence school. 

Verifying last 2 years of rental history and income extremely important to find the “best of the worst”.Make sure you understand the Class of properties you are looking at and the corresponding results to expect.

I'm happy to share such correspondence if anyone is interested (ping me privately).

This list would contain the zip code and corresponding name of the municipality, and a breakdown of the number of SFRs.