But your entity doesn't own that rental property; so reporting it on a partnership tax return can potentially create issues as well. 

Quote from @Jason Malabute: If the insurance payout ($380K) exceeds your adjusted basis (original purchase price + improvements - depreciation), it creates a taxable gain. 

Syndication has been an essential element in creating scalability for my business.

Then create content around this specialty.

They got into escrow, and then the tenant started to create a real challenge for the seller and ended up taking them to court for performance/lot line issues on the property.

I was drawn to real estate as a way of investing money I have saved up (around $130K with additional funds to leverage out of a 401K if needed), and potentially creating reliable cash flow over the next 10 years. 

The new ground lease and capital improvements represent the interest in real property you do not already own (and that is being created through this transaction).

Be mindful that the nicer areas in AA Co have particular neighbors so follow occupancy rules. 

Destroying the house calling board of health for tenant damages and literally every little thing creates huge expenses.

There's no point in having a rule if you don't know how to enforce it.Example:Requirement to Maintain Renters Insurance:The Tenant acknowledges that the Landlord’s insurance does not cover the Tenant’s personal belongings, injuries, or other losses.