My belief is purchaser had more info on inside condition than I had or was buying to OO.  

While I have not consulted attorney, I am under the belief that I will need a multi-member operating agreement. 

The best strategy depends on your goals, but here’s a breakdown:Selling outright would result in paying capital gains tax and depreciation recapture, but since the appreciation is minimal, the tax impact may be relatively low.Gifting the property to your son could potentially allow him to sell it with a lower tax rate, but since he hasn't used it as a primary residence, he won’t qualify for the exclusion of capital gains tax on a primary residence, and you'd need to account for gift tax implications.1031 exchange could defer taxes, but you would need to purchase a like-kind property of equal or greater value and meet all the IRS requirements.

What we do for houses with heating oil , we measure the amount of oil in the tant ( There is a chart that tells yo how many inches equals gallons ) And the tenants pay that up front when they move in , the oil is now theirs .

 - my belief is investing 10% of net worth in syndications is investing too much in syndications even if this is across multiple syndications

Even if you have a property manager the  injured party is going to claim you knew about the situation or should have known, so you’re equally responsible. 

You could/should offer a small non-refundable EMD, say $5k if that’s equal to a couple month’s rent.

At minimum 100 more as I have realized that the more units equals more capitol...which equals ability to outsource.... which equals kinda/sorta not really passive income!

Example: A borrower has a $25,000 student loan balance and you multiple it by 5%, which equals $1,250.

I do think that great credit score doesn't equal to on time rent payments.