So, the KISS (Keep It Simple Stupid) principle applies.

In some cases, exemptions or adjustments might apply for buyouts between co-owners, so it’s best to check directly with a local real estate attorney or tax advisor to confirm the exact tax amount and any applicable exemptions.

I don't see anything on the website or with a web search on how to go about applying for the mastermind.

The standard to apply is quite simple: Did you accurately disclose the character of the down payment funds to the lender in the loan application?

ALL mine are 2, 3 %ish rule, all in 75k, rent will be 1700, All in 90K, rent will be 1800- 2k, all in MH 95k, rent will be 1700ish, 1% is VERY easy.BTW NEVER buy the prop just because its the 1% rule, MASSIVE mistake.

Eric, it is against SEC rules if you're receiving an ownership share for raising money and you are not a licensed broker-dealer (not to be mistaken with a real estate broker).

I will be really interested to see what stance BP rules committee takes.

Instead of following these rules, it is way easier to get rid of the tenants and sell the building when it is vacant.

Simple rule of thumb is demo, then most inner to most outer, meaning: studs, plumbing/electrical, drywall, etc going to outside, then/together with top to bottom.

You have to run the numbers, watch out for saturation and unfavorable rules.