@David PopeYou probably inherited a 5.6% interest in a partnership which owns the property, as opposed to having a direct 5.6% ownership of the property.

We understand that you did not invest in a property through our platform, so it appears that much of the concerns comes from the individual you were speaking with directly. 

But you cannot take title directly. 

Prioritize Communication with Your TenantsWhy: They’re directly affected, and maintaining trust is essential to prevent disputes.How:Sincerely apologize and keep them informed about the steps you’re taking (even if progress is slow).Consider offering additional compensation (like another rent reduction, covering temporary shower solutions, or a gym membership for shower access).Document everything in writing to show your good-faith efforts, this can protect you legally if tensions rise.2.

I own both rentals directly and involved in a syndication.

There are limited exemptions such as if you inherited the property where it would be allowed.There are technical means to navigate the 90 day rule but your best bet by far is to talk to the lender and let them know the situation and ask for their direct guidance.  

Your market timing and strategic acquisition clearly paid off with a strong return.As a direct lender, I'd be happy to discuss how we can support you on future projects.

Here’s how most PMs handle it:1) Direct vs.

This method is simple, free, and fast.You could also provide deposit slips, so tenants can deliver their payment directly to the bank.

They are known as the Winthrop Factors-The purpose for which the property was initially acquiredThe purpose for which the property was subsequently heldThe extent of improvements made to the propertyThe number and frequency of sales over timeThe extent to which the property has been disposed ofThe nature of the taxpayer’s business, including other activities and assetsThe amount of advertising/promotion, either directly or through a third partyThe listing of the property for sale through a brokerThe purpose of the held property at time of sale; the classification as an investor or dealer is determined on a property-by-property basis.To me intentionally buying a property to renovate it to resell it for profit, twice in the same year, and opened an entity to do it in ....is going to be ordinary income and not capital gains.