Land banks, the city actually owns the property and can transfer it to you after the application process I mentioned above.

Not to mention if you profit $10,000 or $20,000, you have to pay capital gains tax on it. 

Feeling that there were just too many things I didn't quite understand and that unexpected $10k repair bill.Someone should contact them and casually see if they mention the foundation repair estimates.

We get alot of great reviews specifically mentioning how quickly we were able to get them supplies.Seasonal Strategies: For us this has been all about pricing.

As I mentioned to April, I am in Phoenix, AZ, and the few places I have called about full service were in the 8-10% range and didn't have a capped amount. 

It's a change but as you mentioned you don't want to down grade the property to a single family, but maintain the 2-family designation.

You mentioned a bank.

They neglected to mention that SROs (single room occupancy, aka lodging house, aka rooming house) also means likely very high maintenance, necessitating supervision and hands-on management.The property had just dropped out of contract because the first buyers couldn’t get bank financing.

Your answer might be enlightening.PS---you mentioned that your mentor has been doing creative deals for 30 years....It is possible that the rules have changed and he/she has not. 

-One of the cheaper options I have found is TaxAct Business ($140 + states), and TurboTax Small Business ($739 + states).The issue I am potentially running into, and I am not sure if the online software's mentioned above can handle (they won't tell me unless I pay for advice), is figuring out how to make sure the losses/initial capital contributions are reflected on my K-1 and not my business partner, since I made 100% of the contribution.