You also need to factor in other expenses like repairs & maintenance and capital expenses like replacing roofs and ACs, etc.  

Factor in how much principle they would have paid off the loan and subtract that from the current market value of the home. 

A simpler and more effective strategy is to understand the tax implications and plan accordingly, possibly by working with a CPA who can review the specific syndication's operating agreement.While UDFI is a factor to consider, it shouldn't be a deterrent to investing your retirement funds in real estate syndications.

I can't see getting financing better than 70% and if there is a lack of experience at this many units or other factors are not perfect then you'll need to lay out 35% - 40% and that's even if you can get it done plus it will take a long time to close. 

The cost of changing a light bulb is quite a bit more when you factor in travel time to get across town, vehicle cost, a qualified person on payroll with benefits, overhead cost for the office to deploy that person.

Here’s a bit about my current situation and goals:Current Rentals:Number of Properties: 1Type of Property: Single-family home (we lived in it and turned it into a rental when we moved out)Location: Corpus Christi, TXInvestment Goals:Short-term Goal: Acquire more properties and build an equity-heavy portfolio to have leverage if needed.Long-term Goal: Build a portfolio that provides enough cash flow to cover all living expenses.Focus: Expand my portfolio, preferably to at least 10 properties in the next 10 years.Financials:Current Monthly Cash Flow: Close to breakeven (potentially negative by $20, factoring in reserves).Future Investment Budget: No savings at the moment.

Hey Noah, Yeah, our building in Seattle just got hit with $100+ HOA increases across the board.While we haven't seen the impact on property value just yet, it's only a matter of time before that number is factored into the affordability of the units.

Like Ben mentioned, there are different factors to determine who in this scenario would have capital gain, and the amount if there's depreciation, and if any qualify for the primary residence exclusion. 

The answer sort of varies on a few factors like are you self-managing, have you had a proper conversation with them over the phone, etc... 

I'm curious how is income factored into this type of loan?