That said, some of our best tenants have been non-nationals, so it can be worth the extra risk.We use a point system to screen, so the lack of credit info has to offset by other attributes we see as a good tenant.

So key attributes are: 1) A+ location; 2) easy to rent out to A+ renter.  

This unit will cashflow $500/month (part of this is attributed to putting 30% down) after accounting for all reserves.Reflections/Lessons LearnedEven though this was not a “home run deal” I am happy I got over the initial fear of making this commitment.

Then with different colored stickers (dots) I will concentrate my attributes (where was my direct marketing going, properties with 100% equity, concentration of probates, returned mail and concentration of vacant homes for my driving-for-dollars campaigns, etc ).

Say if it is attributable to a leak?

Of your description, the attribute I like the least is the "gravel driveways" as most lenders like to see paved roads, and I don't know if you mean gravel parking pads (roughly 20' x 20') or gravel roads to each home.

., as indicated above, it will vary not only on how the partnership is structured but also on certain deal level attributes like % of debt, amount of construction/rehab, etc.In the past, our projects have ranged from 60-85% and I think one project even exceed the invested LP capital. 

You only have recapture depreciation. 4) If your gain on sale is more than 250k the gain attributable to rented portion can be deferred with section 1031 like-kind exchange. 5)You can deduct mortgage interest and property taxes expense on the rental portion and remaining personal portion can also be deducted as an itemized deduction on a personal side.

You want an independent agent with certain attributes:1. represent multiple companies 2. have some expertise in REI or Contracting insurance3. have companies that do both Personal Insurance & Commercial Insurance4. able to insure properties in multiple states that you might invest in5. are able to insure coastal properties if you intend to invest in NJ coastal areasYou can find potential agents by checking with others who are doing what you plan on doing. 

In such cases, only the income attributable to the financed portion of the property is taxed; gain on the profit from the sale of the leveraged assets is also UDFI (unless the debt is paid off more than 12 months before the property is sold).