I did forget to mention that I have a holding company and an LLC.

You mention it is a high appreciating market, since when?

I tried to look up your post you mentioned but you have so many threads here I wasn't sure which you were directing me to.anyway, I am in contact with a surveyor.. but waiting to sign the purchase agreement before I get the ball rolling. this property is in city limits and have been on contact with the planner. the 5 lots are within their parameters, this will have to be on city water and sewer.

You mention slow steady cash-flow.

I can't remember what podcast this was mentioned in but one thing to keep in mind is that everyone's math is going to be different based on what their long term goal is.

If you aren't actively participating (7 tests, you need to meet 1) in the syndicate, with REPS status or without, this would be very challenging, for the reason mentioned by other tax pros above.

but using and Alias on BP  I dont think thats too cool just like i mentioned the sub to guys  its weird to me. 

(but don't mention that.) 

I had called a few who didn't understand the concepts I was mentioning. 

I agree with Laura, if this is a long term rental it would be hard to convince the tenants that they have cameras on the property that the owner controls even with all the stuff that you mentioned (does not turn, only for surveillance for crimes etc.).