The ban in Asheville proper started in 2016 though, and we don't seem to have more affordable housing as a result.

If it is a contractor that is more organized they will likely do this already, if they are shooting from the hip "based on experience" they will likely just give you a total $ value. 

So now they start doing things to scratch that itch, and it starts unraveling the "perfect" Sub2 deal. 

Totally up to you.

Regards, ClarkI'm curious, @Zhenyang Jin, with a DSCR at 1.30x, what are you total operating expenses relative to your EGI (Rent after vacancy expenes)? 

@Brandon Dixon starting out by passively investing in apartment syndications is a great approach, especially if you have a full-time job.

3) Any advice for someone starting out, especially when trying to scale a mission-driven organization like this?

The recipient inherits your cost basis (what you paid) for calculating capital gains or depreciation.You and your spouse can each gift $17,000/year per recipient under the annual gift tax exclusion ($34,000 total).

The letter also states the total non-rent items currently owed by the tenant, such as accumulated late fees or repair charges.Also very important, the tenant states they have no unresolved issues with their current landlord, except as listed in a space provided, and they have no current plans to cancel their lease under the Service Members Civil Relief Act or for any other reason. 

This fundamental slow in housing starts has caused household formation to outpace new homes (single and multifamily) by 2.3 million between 2012-2022 (Source).