To help expedite the rental unit approval/inspection, you can also talk with your local housing provider that runs the Sec 8 program what basic items they look for and make sure you have those covered. 

Enrolled Agents are licensed and tax specialized; and some uncredentialed preparers can run circles around some CPAs or EAs. 

., the 2006 or 2009 IECC — International Energy Conservation Code).Cost Considerations for a 90-unit or 112-unit Project:The actual cost of qualifying for the 45L tax credit depends on various factors, including:Energy Efficiency Compliance: The primary cost will come from ensuring that each unit meets the required energy efficiency standards, which typically involve energy modeling, certification from third-party energy raters, and potentially upgrading insulation, HVAC systems, windows, and other components of the building to meet the necessary performance levels.Energy Modeling: Typically, you'll need to pay for an energy consultant or engineer to model the building's energy performance and ensure it qualifies for the credit.

Gas is usually cheap to run.

What are the largest pitfalls one may run into that turn this from a 150 to 350 ordeal?

The one who thinks that they are masters of the universe in EVERY area of life, has 30 different businesses, claims to be fit as a fiddle, with a life in perfect harmony, shows off huge toys, has 30 different businesses, including selling their time by the hour to provide coaching... this person is not running a real estate syndication business.

Already separate meters.Dated units, run down common areas. 

However, as I've been tracking new listings in this area and running the numbers on them, I have realized this strategy has either gotten too much attention in the last few years or the supply just isn't there any more.

Nevertheless, my question is the following: How do I run a proforma correctly so that from a distance I can run numbers and know I have an educated source calculated to make a deal happen and not fall through.

MLS watched and run numbers, and shot from the hip How did you finance this deal?