I provide them with the rent amount and they write a check in their name.My wife and I with my VA disability make $64,100+$88,608+$17,840=$170,550 or $14,212 a month or less.

However, if the renovation significantly improved or upgraded the property, you might need to capitalize it as an improvement, depreciating it over 27.5 years.If this was STR, you could write off the improvement under bonus depreciation as well.

Some other measure.... or some combo of the above or any other fair & equitable method appropriate for your situation.As long as it's easy, clear and well-explained in writing - and plainly laid out in the Tenants' leases - it will be fine! 

If they lose some or all of their capital the LP with newbie syndicator then they make it up in a month with other investments and have tax write off.

Fees should be clearly stated in writing, easy to understand, and justifiable.

Trying to find quality subcontractors and writing proper contracts I would not recommend for somebody outside of the construction industry.

Gentlemen, I was waiting to confirm from my title gal - and I was pretty sure of the answer but wanted to get it in writing from her: “just set the sale price to $1.00”

When someone writes a contract and a section is ambiguous of unenforceable because that section is improper, I believe that section legally is supposed to be interpreted in favor of the party that did not write the document (the tenant).So, if I am correct, that document may not be doing you any good to you at all because of that.

The reality is the opposite - if it's not in writing then the PMC doesn't have to provide the service or can charge extra for it!

The reality is the opposite - if it's not in writing then the PMC doesn't have to provide the service or can charge extra for it!