Like they are POed I don't believe their lies.Late is late, I am not a social worker and don't care why.

Please be careful. 

I would just point out that when you get involved with syndications as a LP, you are basically handing over your money and crossing your fingers that the guys you are hooking up with are honest, fair, and will take care of you well.  

That's fine as long as you are okay with it.I don't really care because I'm not in your market.

Hi @Kevin Duong,I have not used demountable walls before, but I would say to be very careful to make sure that the units are still meeting the legal standards to be considered a bedroom.

My partners just need to execute and I take care of the financial side..

You just got a college education in investing and I doubt you'll ever again place trust in others who could clearly care less about your money.

While the insurance proceeds themselves may not be taxable if reinvested into the property, the treatment of the replaced asset for depreciation purposes, especially in the context of a CSS, merits careful consideration.

I of course want the dream of passive income and simply taking care of my properties etc. 

You have bills to pay, it's sad that they have issues but it's not your concern and your bank damn sure doesn't care.