Quote from @Barbara Johannsen: When it comes to due diligence in note investing, everyone seems to have their “must-check” list.

In this situation, where there is no W-2 job or other earned income, the net income from real estate operations could be treated as subject to self-employment tax (FICA).It is therefore essential to maintain accurate and detailed records documenting your level of participation, income, expenses, and management activities.

There is no other documents that would show where the difference went.

Tenants who know that use this as a way to buy time.

But I am pointing out that the entry point remains high comparatively speaking, it's saturated and competitive, and listing inventory and days on market is skyrocketing and outpaces anything else in TN or NC.

To connect with local investors (active & prospective), I'd recommend remaining active on these forums and checking out local events.You can also set up alerts and follow locations (i.e.

Just be sure to document the additional amount in the renewal agreement and note the new total being held.

I am checking the landlord assoc out and looks like they would cover everything a LLwould need?   

5* after the check clears.

in my personal experience, my credit union has been extremely valuable, as they offer better loan terms and better programs than a conventional bank.