Utilize a 1031 Exchange: Under IRS Code Section 1031, you can defer capital gains taxes by reinvesting the proceeds from the sale into a similar “like-kind” property.

It is common for PMs to stick fees into paragraphs throughout the agreement, this is another red flag.

The other half of the accounting records is coming from online purchases, utility payments, etc etc where they are sending you an email. 

Commonly known as xxxx.

You asked about buying older properties and the biggest issues I have found is that roofs need to be replaced, HVAC needs servicing/replaced, and sometimes there are foundational issues (not super common). 

In your experience do you see people commonly attempting to offset ordinary income / W2 with syndicated losses, despite the above?

"Is it a common practice to report it as a loss even though I fixed it out of my own pocket?" 

So this is common thought and why it is a real challenge to get debt secured by the ADU value add at higher than 50% of the addition cost. 

With four plex you have to pay utilities for the hallway and common areas, also maintain and clean the common areas, because the tenants won''t.

I am putting it up on Facebook, Craigslist, etc. but is there anything else a newbie can utilize that you have found success with?