(i) has not attained the age of 19 as of the close of the calendar year in which the taxable year of the taxpayer begins, or(ii) is a student who has not attained the age of 24 as of the close of such calendar year.Here, in black and white, the law specifies that the determination is made as of December 31st and applies to the entire year.

And yes, we’re focused on value-add and lower occupancy communities.

My expenses are lower in Stessa and my CapEx is higher.  

These are all lower $ properties and not the strategy you use.

In decades past, carriers were allowing people to carrier lower limits of insurance on their properties. 

A lot of 'off-grid' places are not, which will lower their value and resale ability.Also, you are decreasing your potential market by choosing a venture like this..not everyone will find composting toilets as cool as you and I might.Having said that, I think it could be a great find, if it check all the the boxes.

If you want the seller to accept a lower offer, you can’t offend them.  

Basically, lowering the sale price as long as the buyer pays all the owed taxes as well.

A few weeks ago I wrote a summary overview to our investors in both funds to prepare them for probably lower returns in the short run from potential higher defaults.

I made a relatively low offer and after one negotiation we settled on a price that was about 45% lower than the original list price.