Probably this. california department of Real estate has already nailed two agents for raising rents above price gouging thresholds.. 10k fine plus who knows what kind of license discipline.

But I’d say if you check the spaces and everything passes the smell test, should be fine.

@Vince Scipione  This is very solid advice to keep it separate and I agree with you, the only reason I was even thinking of it was to help me raise the initial funds for my first investment.

Those returns will give you some insight into the integrity of the Syndicator, as well as raise red flags of a possible Ponzi scheme taking place with your money.Let’s look at the balance sheet again on the IRS Form 1065.

Meaning, I can't go raising the rent after both parties have signed the lease for a lower amount.hope that helps!

However, the fact that your tenant intends to pay $800 through the app while their rent is $1,200 raises questions, it’s worth clarifying whether they plan to pay the remaining $400 separately and how that affects both of you.Before signing up, consider reviewing the app’s terms, checking online reviews, and confirming how quickly payments are processed to your account.

If it was due to a natural disaster they cannot raise your rates.

During this last cycle it’s been a game of musical chairs, sponsors have been able to raise rents and flip deals quickly to the next buyer because of an insatiable demand and an abundance of capital.

Funny you mention the whole GP / LP thing - I spoke to someone recently who claimed to have raised $10M+ for a fund and owned over 100 units.

But there are other tests and if planned correctly, you don't need these two tests or even track hours the first year if your participation is substantially all hours.