@Austin TessTo buy your first multifamily property, follow these steps: get pre-approved for financing with an FHA Loan, identify a high rental demand market, choose between house hacking or pure rental strategy, analyze the property using the 1% rule, build a team, negotiate the purchase, and manage the property professionally.

If their offer is the highest/best, you are being paid, or at least offered, that much more to work with them.

We sold that deal a couple years later for nearly double what we paid, and the LP that backed out later admitted to me that they regret not doing that deal.An institutional LP can also exercise their control rights to force a sale at a time that may be inopportune for the operator's equity. 

But when we compare this year's figures to 2019 (the last normal tourism year pre-COVID), we see continued growth. 

So he paid you nothing and he gets the tax deduction for charitable giving, which makes him look like a saint.You could have pressed the criminal charges.

Technically, the IRS could pursue the Substance over Form doctine if they believed this was all done for tax avoidance in pre planned steps.

Hello,Purchased a property from the county auction, comes to find out i paid off the HOA foreclosure. there was a mortgage attached.

It has paid off. 

If this does not happen you will still have two properties getting paid off and providing tax benefits and cash flow and hopefully appreciation.

For instance I see "net income" and I don't know if that what the tenant paid or that's what I'm receiving after the property management fee.