And if that property fails, it puts your personal finances at risk, as well.Increase earnings, reduce expenses, save money, invest.

If you were and lose the value of the rental, then subtract the rental amount from the total price to arrive at the reduced value to you.Are you asking HOW to negotiate a lower price based on this uncovered information concerning the property condition?  

Also worded such that commisssion is earned upon entering into a contract to buy, not at closing.

But reduce your capital account.  

However, he gives you all the real-estate-feel-good info that you can get from biggerpockets and the internet or a book or two for the low little price of $10,000 of your hard earned money (that is better spent on an FHA loan as a down payment on your first owner-occupy multi).

When the economy tanks and the sponsors compensation is drastically reduced, the sponsor makes the decision to maintain there lifestyle at the investor’s expense. 

But if you can get 100K and partner with Kris you will be a millionaire in 3 years and soon earn 250k a month passively.

So you have to refinance to take out cash after you have exhausted your line of credit and reduce rate and go back to one loan.

This might offer more security but also could complicate tax reporting.Taxation of Y as an S Corp:If Y is profitable, electing S Corp status could reduce self-employment taxes, but it also comes with more stringent IRS rules.

Michael is correct, you would want to ensure that a cost segregation study / bonus depreciation would actually reduce your tax burden before you get a cost seg done.