In fact I am under contract for 3 condos in a complex already own one in that rent for  $750, $750, and $700 totalling $2200 gross rent a month.  

The dream scenario to acquire a large complex is through probate where several people now share in the ownership of a complex and none want to run it.

This doesn't need to be complex.

I have also encountered some condominium complexes which indicate ventless dryers are required.They biggest problem we have encountered with ventless dryers is (re)educating tenants to think a little differently about how they do laundry.  

We aren't looking to pay for insurance if already covered.Other Info:The condo complex is raised (Stilted)We have requested info from the HOA to see whats covered in the Master policy.Scenario:If we don't take this coverage (as its the master policy has wind and flood) and opt for the studs-in and contents only, would we be covered if say in a hurricane the slider glass got damaged by debris and the interior suffered damage, or if a flood affected our second floor unit, maybe even a wave?" 

Complete exchange all is well.The problem with all forms of reverse exchanges is that the relatively complex structure causes them to be relatively expensive compared to a regular exchange.

Rents in my complex go for about $850. 

If the partners agree to specially allocate one item (for example, capital gains) 80/20 for economic purposes per SEE safe harbor, the corresponding tax amounts must also be allocated 80/20.However, IRS has a framework that can reallocate the partnership items based on the “ partner's interest in the partnership” if IRS determines the method of sharing the partnership items lacks the “Substantial Economic effect” (SEE) To meet the SEE, there are strict rules to maintain meaningful capital accounts including Deficit Makeup Requirement for those accounts.With the requirement, the partner must at some point contribute sufficient capital to eliminate the deficit, and the partner has the burden of the loss that partnership has and the allocation of the partnership will be respected by the IRS.This is a very high-level summary of the rules and is not comprehensive. there are many exceptions as well.Since the substantial economic effect, safe harbor allocation rules are complex and requires considerable additional recordkeeping, it's easier to follow PIP standard. 

I hope to utilize the BRRRR strategy to eventually own a larger apartment complex and/ or mobile home park.

Good morning all,I just purchased my first duplex in Indianapolis in July and now I'm looking to purchase my first 5-50 unit apartment complex in the Indianapolis area.