How that relates to a Founding Father's interpretation of a mobile home park is hard to say. 

These costs are capital expenses and you can deduct them as a capital loss.There's certainly room for interpretation of this rule, besides it's merely an IRS publication and not a law.

It is pure data and that is why it WILL work for anyone willing to learn how to read, use and interpret that data and apply!

At the same time, that shouldn't be interpreted as anyone should go ahead and start a syndication if they have some money to get the syndication off the ground and relationships who will throw money at them.

The "decent" might be up to interpretation. 

Tax laws can be complex, subject to change, and interpretation may vary based on individual circumstances.

With that, we became the American Association of Private Lenders—and we began spreading the word.Finally, Some DefinitionsUnderpinning the concept of minimizing the use of “hard money” in our industry is a recurring theme of standardization—that the root of the issue is too many interpretations of what the same terms mean.We offer up the following definitions for discussion, debate, fine-tuning, and eventual consensus [last updated 5/9/2022]:Private lender: Any non-depository individual or entity that primarily originates business-purpose loans secured by hard assets, generally real estate.Hard money lender: A subset of private lender where creditworthiness is determined solely by the securing real estate collateral.Correspondent lender: A subset of private lender where the closed loan is sold to investors.Portfolio lender: A subset of private lender where the closed loan remains in the lender’s portfolio.Fund manager: A subset of private lender where, depending on the fund structure, the deployed capital is sourced by offering exempted securities to accredited and occasionally non-accredited private investors.Private investor: An individual or entity that seeks a return by deploying capital through a private lender or fund; the investor may or may not be named on the loan’s promissory note.Private money broker: Any individual or entity that acts as an intermediary between a borrower and a private lender without directly originating the loan.

Anyway, I think the readers of this post will understand 2 things, 1) How to calculate the IRR and 2) How to interpret the IRR.Once you get the Math, you start to understand that Cash Flow is just a component of a overall math problem.Don't be AFRAID of a Negative Cash Flow.

I have a couple of questions about your response:Is the “more than anyone else” interpreted as more than any one individual person, or more than everyone else combined?

@Dave FosterMy interpretation is that she lived in the house for atleast 2 years but it is unsure based on what she mentioned.Mentions purchased in 2020(not sure what month)mentions rented for a little bit over a year(not sure when it is started to be rented out)