If you consistently analyze properties, recognizing a good deal will be much easier when it shows up.

However, and I don't know anything about AirBnB in Denver, but my biggest concern for this project is the ability to consistently rent the basement for $1,800. 

@Steve Mitrano this thread got bumped up in my feed and looks like you found a resolution but just to add.  

If you consistently analyze properties, recognizing a good deal will be much easier when it shows up.

@Donnie Jones I agree with Jonathan and Nathan, its definitely a challenge to start off wholesaling and takes a lot of grit and consistency to see success but not impossible.

I'm a huge fan of habit tracking and I have found it's those boring, repetitive tasks done consistently is what are the game changers. 

Set clear and consistent application requirements so you can base your decisions on solid facts.

Syndication Reporting IssuesMissing Form 8918 for reportable transactionsInconsistent investor disclosuresRequired registrations skippedWhat Doesn't Actually Matter:(Despite What Your Uncle's CPA Says)Special AllocationsNormal promote structuresStandard waterfall provisionsTypical developer promotesReality: Unless extremely aggressive, IRS rarely caresTechnical DocumentationMinor §704(b) gapsCapital account glitchesTechnical allocation languageTruth: Unless hiding something biggerProperty Value AllocationsNormal basis step-upsTypical appreciation splitsStandard promote calculationsReal World Example:🏢 100-unit apartment complex4 partners, $5M dealDeveloper promote structure= Zero IRS interestSame Deal With Red Flags:🏢 100-unit apartment complexHidden partner arrangementsArtificial loss allocationsUnreported debt shifts= IRS AttentionPractical Protection Steps:Basic Documentation✅ Clean operating agreement✅ Economic substance✅ Partner contributions tracked(Don't need War & Peace complexity)Economic Reality✅ Allocations match economics✅ Real money movement✅ Actual partner participationClean Reporting✅ Consistent K-1s✅ Required forms filed✅ Clear communicationThe "Sleep Well" Test:Can you explain your structure to an IRS agent without sweating?

This alone really turned me off, we stay in hotels now and I have gotten similar feed back from other friends and family members.

And while nothing is foolproof the most consistent method of finding good vendors is relying on OTHER real estate investors that have worked with those vendors.