It's a fine line between pleasure and pain heheI have to stop mate in order to keep it at PG 15+haha

I understand your pain, and several years ago, I was in your shoes.

They have produced a "written opinion," we (group of investors) have requested and been sent the LLC's tax returns, we have been pains in the petunias, the syndicators CPAs held a Zoom call that would have been more hilarious than a Sat Nite Live skit, except they accidentally "lost" the recording.What I need to know is whether the IRS requires small (<$2.5M investor money) syndications that are generally straightforward (1 syndicator with sweat equity *ownership* shares and the remainder of investors with purchased shares) to calculate ownership via K-1 tax capital accounts, Line L, not Line J, when the OA is silent, but can be amended to say ownership is by contributed capital, the latter representing the substantial economic effect and true economic relationship among the partners. 

Long story short, pain in the butt to set up.

Even old wood windows can often be fixed with some sanding and paint.Single pane, raw aluminum is ugly and old wood frame is a pain to operate but they work well enough and not replacing them helps me keep my rents within reach for families who need affordable housing.In some cases I will replace a single window in a house if the frame is destroyed but I never do the whole house.

HELOCs for investments are a pain because there does not exist a DSCR underwrite much like a cash-out refinance. 

Violating the terms of a mortgage is mortgage fraud and can be a real pain if it becomes an issue.

Having in house cleaners can be a complete pain and cause a lot of extra management.

While cashflow may be good in NB, I doubt it will match the value growth in our biggest growth markets.The risk is in tenants not paying rent, and the pain in evicting them.

It is a pain.