Fourth: even if the entire deduction is available, it results in much smaller automobile deductions in future years and extra taxable income when you sell the vehicle or trade it in.

First - you have to mention what the syndication will do as that will have an impact on how you get taxed.Given that this is a real estate forum, it is assumed that you are investing in a syndication that will invest in real estate.Most real estate syndications purchase real estate in year 1 and have a plan of selling / exiting in year 5 or 7.Often times, the sponsor will get a cost segregation study which increases the loss on the K-1 presented to the investor in year 1.This may be important as it almost guarantees that there will be no taxable income from the syndication from year 1 to the year before exit.If the syndication does well and exits at a price more than purchase, it may result in a taxable income. 

I tend to do a quick dirty look at a building like JW with price per door, but after that sniff test, I quickly like to understand $Cost/SF and $rent/SF.The way I look at a single family, 2-4 units, or a 20 unit is all different, but the end result is still ROI or IRR (over time). 

Hi Jared,Welcome to the community, and congratulations on finally jumping in!

Old thread but we opened with Frost Bank, my representative had to consult with many people but finally we opened child subseries LLC.

But it should only be attorney cost, the deed and recording fees (few hundred) , maybe a final water cert.

@Michelle Reid Both LTR and STR strategies are viable and currently producing good results in the current market, which isn't easy to find everywhere else.

Did you notice which of your updates made the biggest impact on your final sale price?

We have been getting great results with using them as MTR's as well.

Also would love to know from other members how much they spent on the last project and what is a good contigency to put on the final cost for a first timer.