So, when you replace something and make it bigger, better, or last longer, it’s categorized as CapEx.On the other hand, repairs are generally routine maintenance tasks that keep the property in its ordinary operating condition.

The IRS typically operates at a snails pace.  

BP cosigns our ability to operate and vets us both on the phone and online prior to featuring us.

If passively through syndication - Start looking for strong operators or fund managers with good deal flow.

I really want to be as hands odd as possible with operations so I’m willing to spend on a good property management company (mentioning again I’m not as concerned about cash flow today)any insight into markets you are aware of with good alleviation outlook over next 10 years?

There are many nuggets of info and great questions to ask operators as you're evaluating a deal and their underwriting.

They operate in La La LandHow to make and stick to a rehab budget.

Come even the slightest ripple (an increase in property insurance, an unexpected repair, etc.) and suddenly you're drowning in a sea of negative cash flow.Also, are you including both professional property management and vacancy in your operating expenses?

Besides certain reporting requirements being spelled out in the Operating Agreement, a lot will depend on the type of offering that was made when investors were given the opportunity to invest.  

P.S I even considered seeing if a sober  living operator wanted to use the building.