Here is the relevant language: "(ii) Substantial improvementFor purposes of subparagraph (A)(ii), property shall be treated as substantially improved by the qualified opportunity fund only if, during any 30-month period beginning after the date of acquisition of such property, additions to basis with respect to such property in the hands of the qualified opportunity fund exceed an amount equal to the adjusted basis of such property at the beginning of such 30-month period in the hands of the qualified opportunity fund."

You will have to put up with being treated with all the mechanisms that the society excludes aberrant people: contempt, ridicule, disregard.The best thing that I can say about the second point is that once you do start making some money, it's amazing how quickly the same people that treated you like garbage start fawning over you.

My girlfriend and I are going to live in one of the units which I'll treat a little better, maybe better flooring, and I love the crown molding on the trim. 

I had a couple of HELOCs with them and could not be more disappointed in the way they treated me as a long long time customer with not insignificant assets with them.

Or would it just make sense to factor in my 10% Cap/Repairs/Vacancy/Management for the total rent of the building (planning on renting it from myself) instead of treating it like 2 seperate condos.

The idea is it would treated like a timeshare, but without the ridiculous fees.

My staff works too hard to be treated this way.

There is nothing wrong with that model, it's a win-win for both as long as both sides have integrity, the proper expertise, and the active partner is treating the JV's funds with utmost care.  

I've known the owner/managing broker for over 20 years and she has always treated me like one of her own kids.#2 - Fees are billed monthly, much smaller at roughly $200/mo.

Real estate has treated me well so far but i have to be honest, I HATE calling leads whether they be buyers or sellers.