The builder offerred $15,000 credit to be applied, however you wished EXCEPT can not be used for price reduction. 

Fail to produce K-1s in time for LP tax returns to completed on time, refuse to communicate with LPs, when LPs start to express frustration.Cheryl Cheryl, I'm sorry to hear this.Many investors learn expensive lessons with their early investments.Knowing nothing about this deal (because I didn't invest) I can already tell you the 24% projected return was a major red flag (in my opinion).

They were taxing as a fourplex, but the CO said it was a triplex.I found out when I went to try to refi with the bank.

.: The applicant needs a social security number or an individual tax ID number (ITIN).

Most banks won't want to come in with a line of credit that is second lien on the property.

Hope is a bad strategy.The only on market strategy that I think can work is paying cash/line of credit/hard money for a property that does not qualify for conventional financing.

Tax structuring and LLC advice you can get for a paid fee too.

I'd also add to that that you are paying a 20% withholding tax on gross rental income. 

I have family in Houston, Dallas, and the Valley, I was networking with brokers in San Antonio, but the Taxes seem to be quite high as well in that State, although much favorable laws/regs on the landlord side.

Mgt, Landscape/Snow, tax, insurance, utility then debt service.