We are a small partnership with 4-5 properties currently, but we are growing and hoping to find a reliable lending partner that we can do repeat business with.About 3 months ago, we successfully completed a BRRRR deal where we had excellent numbers, over a 1.25 ratio at 75% LTV, our guarantor partner has an 800+ credit score, and we had no issues qualifying for the loan.

An inspection is crucial to catch any major issues upfront.

Is the state a fan of those who manage in this manner, not so much, but a good reply is why they don't take issue with the countless employed non-licensed managers at apartment communities all over?

There's a good chance the issue(s) you face has already been discussed and answered.Ask questions in the appropriate forum.

With your construction background, you're already in a strong position to add value to properties through renovations or identifying potential issues.

That is done via placing the highest quality tenant possible, keeping issues to absolute minimum, keeping maintenance and service calls to minimum, because to make it work properties have to operate on cruise-control.

Historically used online software without much issue.Now that I'm looking at the settlement statements from 2004 and looking at a sizeable depreciation recapture hit, I came across a number of questions / issues:1) I believe in 2010 I incorrectly set my basis (I did not include the parking space and upgrades to the units - granite, flooring, etc.).

I assume he does, and with this partnership tax return he issues Forms K1 to you and your partners.

What if only the tenant is sued, or only the landlord?

Building on existing land helps eliminate the issue of land scarcity, which is a significant challenge due to California’s high real estate prices.