Terms for the seller 2nd have generally been 5%, interest only, 5 years.I'm only considering properties under this scenario that cashflow well immediately, hence the i/o payments, in addition to having a strong value-add element.

We have them provide the previous 2 landlords and contact info from their place of employment.

In addition you wouldn't recapture any depreciation on the property. 

This is a very technical question and most tax advisors might be hesitant to address it here not because they don't know but because it requires quite a bit of additional information.

I thought they were legit from the cute YouTube videos - 1 property I had to find a contractor and pay an additional 16k to get it rent ready - took me 6 months.

Combine this with poor ADU valuations (especially in single family zoned areas) result in hands off ADU additions costing significantly more than the value they add.  

Additionally, using a land trust with an LLC could offer protection without the complexity of multiple LLCs.

Number of Major Employers (To try and understand if the local economy is resistant to losing a big employer, or if that would crush the economy)8.

I believe additional context would be helpful.

Additionally, they may include a carried interest or promote structure on the back end, which serves as an incentive or commission if they exceed performance expectations.Limited partners (LPs), on the other hand, simply invest capital and remain on the sidelines.