Permitting does take quite some time but you should factor this into your underwriting.

Do you know how to read the credit/criminal background?

they're not magic.are you going to in-person / informal meetups? 

•This additional income can help offset costs and increase your total reported income for future pre-approvals.5.

I really appreciate this thread for I read everyone's comments. 

Would it make sense to abort filing the cost seg for this Property in 2024 and list it as my primary to avoid issues on my next purchase?

I offer this service!

Syndication Reporting IssuesMissing Form 8918 for reportable transactionsInconsistent investor disclosuresRequired registrations skippedWhat Doesn't Actually Matter:(Despite What Your Uncle's CPA Says)Special AllocationsNormal promote structuresStandard waterfall provisionsTypical developer promotesReality: Unless extremely aggressive, IRS rarely caresTechnical DocumentationMinor §704(b) gapsCapital account glitchesTechnical allocation languageTruth: Unless hiding something biggerProperty Value AllocationsNormal basis step-upsTypical appreciation splitsStandard promote calculationsReal World Example:🏢 100-unit apartment complex4 partners, $5M dealDeveloper promote structure= Zero IRS interestSame Deal With Red Flags:🏢 100-unit apartment complexHidden partner arrangementsArtificial loss allocationsUnreported debt shifts= IRS AttentionPractical Protection Steps:Basic Documentation✅ Clean operating agreement✅ Economic substance✅ Partner contributions tracked(Don't need War & Peace complexity)Economic Reality✅ Allocations match economics✅ Real money movement✅ Actual partner participationClean Reporting✅ Consistent K-1s✅ Required forms filed✅ Clear communicationThe "Sleep Well" Test:Can you explain your structure to an IRS agent without sweating?

Can you please share any information on properties or markets where you are that can help guide my search?

Hi Anthony, Welcome to the world of real estate and to Austin.Wishing you all the best on this exciting journey.