I think I am gathering here from the responses that we are safe to say as a GP we own the property as are the other sponsor, but for additional clarity, disclosing shares in some cases may help bolster tacit understanding of who does how much of what.

I a perfect world yes but in reality and in a judges eyes... if someone is on lets say a 5 year lease and they want to leave in month 2.... there is nothing you can do to stop them nor can you go after the 5 year payout, the most you can do is keep their security deposit but even so... that is not a given.

Get me while you can.If you operate with let's say a $10k net loss this tax year can you carry that loss forward against next year's income?  

If you were put in a cash offer with the intention of using say a hard money lender then you will be exposed if the lender rejects the deal but usually there or no finance contingencies in an all-cash offer as opposed to an offer that state that you will be getting finance.

We are going to get the structural engineer inspection and decide our course of action based on what they say. As

Hi @Nicholas Aiola, I've got a scenario question regarding taxes on profit for a homestead in Texas.Lets say a couple buys a home in 2012 for $400,000.  

I meant to say a private Lender.

We have many local investors that really work hard to take care of their properties and there are also some OOS investors who take this approach, but as they say: a few rotten apples spoil the bushel.   

I would say a basement ADU should add $150k range of equity in Ravenswood so definitely worth it + the cashflow.

If so how will they benefit me more then let's say a hard money lender or PML?