I have been involved with several funds and even have co-written them with a partner that used to teach how to create syndication's and funds on the college level.What I do know is that you need to be very careful on every single little issue or you are creating an unnecessary long term liability where, should anyone complain, or heaven forbid not be satisfied with the return and put your fund under a microscope - how will it look to them?

Anthony, anything will work as long as it is not under a microscope.

You have the right to inspect so immediately would be a good option in the event they may react negatively to the notice to pay.Once you have a issue they are no long desirable as a tenant and should be kept under a microscope until they move out.

You can also find a world of problems if you can't check these people out with a microscope.

If you were to study their cells at the molecular level with a electron microscope you would see miniature piles of beer cans ,random trash and tiny junk cars in their nucleus.

So it can be a double edged sword with this strategy as it helps you maintain and watch the property however the inspectors microscope every detail.Rental increases: Usually you'll want to add something to the property to add value to justify (appliances, doors, etc.)Sean recommended Mr.

I'm a little local handyman landlord just outside of Pittsburgh with a tight little self-managed C-class portfolio, for instance.Here, in low-rent single family and small multifamily, the name of the game is finding that one good old building with strong fundamentals going for it out of ten other true moneypit crapshacks that are really ready for the bulldozer.You get nowhere here unless you screen like crazy and put the people you rent to under a microscope.

I've heard of people using this strategy to help separate their name from being tied to all the units, but I've also heard that it looks fishy under a microscope. 

Splitting a cheap property 3 ways may have little risk but it’s going to have microscopic returns. 

This is so even though the property is used for R&E purposes.For example, imagine that Mary purchases a $10,000 microscope to aid her in her research to develop a new type of glue.