And unfortunately, even when a syndicator is performing above projections, if the stock market comes down, that LP is likely going to stop investing based on asset allocation rules.  

Not to mention one factions constant talk about "pay your fair share", well ok, that's an easy way we get there, the person buying cans of tuna pay pennies and those buying tins of caviar are paying tens of dollars per, that is a common sense SIMPLE "fair" allocation. 

That said, the IRS allows "any reasonable method" of allocation which of course includes FMV.

It’s more about being able to reasonably justify the land allocation amount that you use.

They can optimize tax strategies across states and assist with allocating deductions, handling multiple-state filings, structuring future ownership, and advising on capital gains or 1031 exchanges.

I am currently paying off all my debt to allocate money into the rehab.

•Calculating the Value of the Old Roof:•Estimated Cost Method: Estimate the original cost of the old roof based on the total property cost and allocate a reasonable portion to it.

My current allocation consists of approximately 40% real estate, 40% equities (low cost ETFs and index funds), and 20% cash.

Not without the following details:1. tax residency, and location of the physical asset for nexus allocation calcs2. personal tax filling status3.

Obtain estimates for planned renovations and confirm if the allocated budget is sufficient.