It turned out to be very profitable but a real pain. 

Enjoy the process, the pain is short term.

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. 

Some cities, recognizing this, have successfully implemented major events, such as the Formula 1 race in Miami, to boost tourism.June - Transitioning to mid-season, June surpasses May as the summer season begins, leading to higher occupancy rates, even though ANR is lower compared to previous months.July - Categorized as mid-season, July stands out due to 4th of July celebrations, resulting in some of the highest nightly rates during the summer months.August - Although August is generally good (mid-season), a slowdown occurs as the end of the month marks the return to school for kids, signaling the end of the summer season and the beginning of the low season.September - Consistently the worst month, September signifies the low season with lower occupancy and nightly rates.

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.

It appears that market folks (bond, stock, real estate, really all market participants) just keep receiving spooky inflationary signals, which are in turn propping up bond yields and mortgage interest rates.

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