I don't do taxes, but I think the LLC is consolidated and each member uses a K-1 for their earnings, the way we did it here, but then like I said, I don't do taxes.

@Amir KhanThat’s a good way to do it.I see far too many people (in my opinion) with little or no actual practical experience being a landlord much less owning an apartment building of any size trying to syndicate a 150 unit $20M deal.Why would any investors (outside close friends and family) invest their hard earned cash with someone who has little or no experience?

Seeing that you're in the Indianapolis area and that being a desired market of ours, I'll definitely look to connect in the future.

Some of these HML websites have a "print preapproval" button where you just fill in your desired dollar amount and down payment, and boom here's a PDF.

He even said I could call often and have him set aside bottles for up to 2 years if I so desired.  

I cannot imagine someone spending their hard earned money to make their room look like that. 

Where you can SAVE money - is by teaming up with one broker or lender and establish a mutually beneficial partnership of return business and maybe earn your self a return client discount.

Even if it appears your property is marketed at less than the competition, there could be something about it that makes it less desirable (busy street, near train tracks, no off street parking, run down neighbors, etc.)

Wife does not EARN enough income (working for a non profit group) to be able to afford large loan payments.

I am thinking this would be fair since she had no intentions to earn from it to start with.Thank you