Combining these two minimizes the impact of financing on your Net revenue. 

The refi or additional debt of any kind will impact the current performance of your property I'm never a great fan of selling a good producing property - unless I am certain I can improve the overall performance of my portfolio. 

Many Chinese people invest their money into US assets to hide and prevent them from China seeing it, but that's a completely different story.David Greene, one of the most impactful Bigger Pockets user and host of the Bigger Pockets show, wrote the book "Long-Distance Real Estate Investing: How to Buy, Rehab, and Manage Out-of-State Rental Properties".

While concerns about vacancies are valid, a great deal will often outweigh the short-term impact of a couple of months without rent, especially considering that it usually takes time to close on a property.

They look like they are sitting on wooden piers and not on a slab or perimeter foundation.As far as lenders are concerned, that could impact the financing.

It indirectly impacts the credit score, which would be included in either metric.

Also check if there are any boarding house regulations in your area that would impact you. 

That said, not all markets are the same—some are seeing rents slow, which could impact prices more.

Tax impacts include deferred gains, adjusted cost basis affecting future depreciation, and strict adherence to IRS timelines.

First - you have to mention what the syndication will do as that will have an impact on how you get taxed.Given that this is a real estate forum, it is assumed that you are investing in a syndication that will invest in real estate.Most real estate syndications purchase real estate in year 1 and have a plan of selling / exiting in year 5 or 7.Often times, the sponsor will get a cost segregation study which increases the loss on the K-1 presented to the investor in year 1.This may be important as it almost guarantees that there will be no taxable income from the syndication from year 1 to the year before exit.If the syndication does well and exits at a price more than purchase, it may result in a taxable income.