True, converting a personal Schedule E to a partnership will indeed reduce your IRS audit chances, statistically speaking.

Your IRA can borrow, but you have to be careful to not personally guarantee it.

This person did not raise any money, they invested around $600,000 into the offering and because they were one of the larger investors were considered a Co-GP because it was a new sponsor and they needed this persons $.

For my own personal goal reasons, I am going to still with searching for a lender who will be open to it.

I personally will try to avoid buying a home under 1000 square feet again.

I warn people over and over and over to know what they are buying and to go personally see what they are buying. 

- Loss of historical data (for both IRS audits and for personal portfolio tracking.)You should be able to print the general ledger and Balance sheet / income statement for each period.

Another benefit is it is much easier to diversify into multiple markets, asset classes and operators.Just wanted to share an alternative - often active investing is the way to go, but it really depends on the person and it is important to know that there are passive ways to accomplish your financial goals.Good luck!

If you feel the need for in-person mentorship, reach out to prominent local investors and try and strike a deal to learn from them.

The Landlord will verify that the rental is empty of all personal belongings and trash and that there is no damage beyond ordinary wear and tear.