@Gustavo Delgado Tax Saving is one of the factors people consider while investing in RE.

Have you considered the fact is you can invest up to 80% of the funds into a new LLC the next day or at any time all tax-deferred?

If I receive anything back, I'm considering it a win.I've learned a lot about investing RE syndication deals over the past three years and have refined my criteria for investing.  

I would also consider MTR in these markets as it is highly profitable with less turnover and more options for guests.

Prior to 1976 they were considered pre-HUD. 

Giving up after 5 offers would make me leery of considering you as someone to arbitrage my unit. 

This is an option to consider and many larger banks/credit unions and nationwide mortgage lenders have released new loan programs allowing 2nds, HELOANS and HELOCS.

Just make sure to read the management agreement carefully, the monthly % isn't the only cost to consider!

Also, consider this copy & paste advice below:Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a Class A property in Class D area, what quality of tenant will you get?

I’m almost 65 I have about 3 million in property and am strongly considering finding a non profit I believe in and gifting 2 million to them- you don’t have to pay taxes if you do that but they’ll take 5-10% of sale.