U needed to be an accredited investor to invest in those deals and I am sure there was plenty of disclosure in the documents outlining the risks .. and one risk was to lose all your money.. but you invested anyway.. and now that its not working the blame game starts.

The bedroom especially and I am guessing why you have the blue outlines showing where you will put some more art.More pops of color.

Let's talk about the 'upcoming economy transition'.Right now, investing in private placement syndications makes even more sense than ever. 1/3 of the dollars every created were willed into existence over the last 1.5 years, and with the cervesa sickness policies enacted, this is driving the dream of homeownership more and more unaffordable.We are going to see record rental demand going forward with huge housing unit shortages in many markets.Both passive investment in syndications and buying SFHs can fit this role, but owning rentals suffers from all the issues I outlined in my first posts.I'm usually funding 4-6 deals a year, and even with this cash position in portfolio is getting uncomfortably high.

That said, my main question is, can you recommend a good mortgage brokerage company that offers all the training points you outlined in your post?

Overall I love the R2 zoning route, but the permitting & construction costs alone will be tough with the budget you outlined in your post. 

Do not deal with any of the individuals mentioned in this thread:https://www.biggerpockets.com/...I outline my experience and many others weighed in. 

But I would say to be open to having more than one partner in the deal and to outline an exit strategy so they know how long the money would be tied up for.Good luck to you.

Generally if you only have a handful of rentals and you are fulltime doing something else (a W-2 job), it'll just make sense to claim the standard mileage deduction - @David Orr did a good job outlining all the related nuance to that.  

Based on the facts as you outlined, no

I had to step in and hire handymen to finish the job, plus go out and buy the things she failed to purchase, even though we had clearly outlined everything in advance.