A good mentor would take the time to make sure you understood what he was talking about, how to apply it and answer your questions.  

I looked at it for 5 minutes, here are my notes.In general, the stepped up basis portion upon a partners death would only apply to the partners ownership portion.

@Aaron Kohanbash start with this;)Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a Class A property in Class D area, what quality of tenant will you get?

For instance I got a lot of my rental payment upfront, (a large cash inflow as a payment type) but I cant apply/reconcile it as category “rent” because I already marked the month’s rent as paid – just one quick example.

@Sinuway MartinezRecommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a Class A property in Class D area, what quality of tenant will you get?

Procuring cause would apply with the old Nonexclusive agency agreement that isn't used any longer because since there was no time frame involved the procuring cause was the trigger to tie an buyer to that agent for a commission.

You want to find a lender who specializes in VA loans and learn the ins and outs because most vets think it only applies to one house when it does not.

If she needs help paying her rent, she can apply to different agencies for assistance.

Or is this not the correct way to apply the 16.5% dilution?

Might not apply to a duplex but the landlord electric bill is always more than you think.