I now know what is actually a “red flag problem” and what can wait months, years, or indefinitely to repair.

Consult someone who actually knows what they are talking about/does this for a living, but most of your tax savings are only going to offset the earnings of the partnership rather than one of you individually.

You should reach out to @Melissa Haworth she can get the actual numbers/rents on STRs in the area to help run your comps.Each building is different, each area is different, it is important to find accurate data to make good decisions.

I've actually started looking into that today, thank you.

And plenty of people wholesale mls all the time and get deals it's actually quite common.

The BP function allowing you to check references and actually talk to real clients of those QIs is a great advantage.

If you find an actual property that looks like a homerun and would warrant a HELOC, then you can go for it without reservation.

The least states:"Tenant shall pay a "late charge" not in excess of five (5%) percent of the amount in arrears for each month the arrears remain unpaid if any Rent is paid more than ten (10) days after the due date thereof, to cover the extra expense involved in handling delinquent payments.

One of the REPS cases (I forget which off hand) they were basically like...petitioner states they spent 8 hours on X date supervising painters at the property and we find it highly unlikely that anyone would sit and watch paint dry for 8 hours. 

Yes, this system does have me put in dates but then it doesn't seem to show them easily.