Other things that impact the cap rate can be premium location, newer age for the property vs old building, quality of tenants, etc. 

Do I have any SALT limitations that are impacted since these are not owned by an LLC or do the SALT limitations only apply to primary residences? 

It puts the tenant on notice that the next step is filing for eviction which will create a public record as soon as its filed and potentially impact their ability to secure alternate housing.

The fees are built in so they do not impact the equity you are earning off of.

You could probably afford $20,000 without much impact on your budget.

Some also buy in their name and use form W-8ECI.We have a document that covers all this.Couple of other thoughts:1) Recommend you pick a Property Class first, as that often impacts where you decide to invest.

At that point, I can travel and do the things in life that make an impact on other people. 

How do the tax benefits the syndication provides LPs impact the return? 

SHF are possible budget-wise if I go farther out, but that move would have a bigger impact on my own quality of life while I'm living in the space.

Although the smoking did impact the condition of the unit, arguably beyond "reasonable wear and tear", since you inherited this tenant you also don't know if the previous tenant before them also smoked and the unit was already in similar condition when they took it.