This is common with renters coming in from out of the country or renters who refuse to share their SSN.I double checked on SmartMove if you can run a report on an applicant without a SSN and it says, "At this time, SmartMove only has the ability to process an application for renters who have a valid U.S.

Their net rental income for that year 6 (assuming 5% rental increases per year but increases in management fees, utilities, taxes, insurance) would be 24k.  

I want to utilize either a 2nd home type product or investment property product.

Reason for this is that our 40% partner who leads the group purchasing the property accepted a SUBORDINATED note for his interest in order to put the deal together.Bottom line is this, by utilizing a number of CREATIVE real estate principles, financing, deal making, etc. we have increased our wealth by anywhere from $235,000 to $635,000 over what we would have had accepting a cash sale.  

I have some land about to be under contract where I plan to clear it, reinstall the utilities, and either build on it or have a smaller new home built on it.

Given your numbers, it seems this may offset most or all of your tax liability and make it easier for you to utilize a new entity structure.

@John McKee, to be certain: IRR is a standard financial metric that is generally universally utilized.  

It's super common in your teens and 20s and I think the invention of BP has made it a bigger deal than it is.

(Question 1)My friends expressed concerns about Steve potential retaliation, maybe in ways that I might not be able to directly identify him for (e.g. causing damage to appliances in the common area and I would have no way of knowing who did it.)

These people are rooted in common sense.