What all types of residential development have in common is the due diligence and planning process on the front end.

@Bob Gruenig it might help if you could clarify what you're trying to accomplish with the LLC strategy.The most simple and common way to invest in a syndication is to put money as an individual.

Probably a dozen more reasons than the 5 most common/important above."

Rent backs are super common.

To file Form 1041, you would need to obtain an Employer Identification Number (EIN) for the estate.IRS Reference:•Final Form 1040: Report income up to the date of death (per IRS Publication 559).

It is increasingly common for a PM to charge a "leasing fee" which covers all the costs of marketing, showing, screening, placing tenant under contract, collecting deposit and rent, setting up utilities, getting the tenant placed, etc.If the PM can't justify the cost, then they shouldn't be charging it.

Another common thing is families coming for graduations since this is a training base.

Should they be made into a small common area that the main unit also has access to?

In general, the term employee means thatan individual is subject to the will and control of the employer inwhat and how to do work, and that the employer may dischargethe individual from work. Yes  No2.

Are there common roofs?