If the rents are below market rates and the property requires substantial renovations, you might consider evicting current tenants, conducting a complete remodel, and subsequently renting the units at current market rates (please seek advice from a professional regarding rent control laws in California).3.

Then take her to court for any subsequent damages just to get that judgement as well in case you are able to collect via wage garnishment etc which in most places is not easy and often not successful.

Follow up with a letter indicating they were removed and should not be reinstalled or subsequent fines and lease termination may occur.Because the lease may be silent specific to a swing and hammock, ("fastening" could be a point of contention in court in determining whether it is a true lease "violation") it doesn't mean you cannot address it and tell him to remove it. 

Once cured, my guess is they would want to see a new Notice to Cure for a subsequent violation. 

Any funds received in a Capital Call that are not deployed in the purchase of a Property (“Non-DeployedFunds”) shall not accrue the Preferred Return, but rather, shall bear interest at a rate of 2% per annum non-compounding,accruing from the date of when funds are deployed (“Deployed Funds”) from such Capital Call until such time as theCompany deploys the Non-Deployed Funds into a subsequent Property.

And the IRS does do this.Here are some factors from a case.In determining whether the income should be classified as ordinary income or capital gain, the court evaluated nine criteria: (1) the taxpayer’s purpose in acquiring the property; (2) the purpose for which the property was subsequently held; (3) the taxpayer’s everyday business and the relationship of the income from the property to the taxpayer’s total income; (4) the frequency, continuity, and substantiality of sales of property; (5) the extent of developing and improving the property to increase sales revenue; (6) the extent to which the taxpayer used advertising, promotion, or other activities to increase sales; (7) the use of a business office for the sale of property; (8) the character and degree of supervision or control the taxpayer exercised over any representative selling the property; and (9) the time and effort the taxpayer habitually devoted to sales of property.

There is definitely something to be said for the feeling you get after you know how much you've just improved the home and, subsequently the area.

The good thing about FCI is that I have the ability to review the collateral files and have the seller answer my questions during the due diligence period using the online chat tools when the indicative offer is accepted and we move to the subsequent steps in the FCI portal online.

You will learn a lot by starting which will pay dividends at your second and subsequent investment purchases.  

Also, if you are working with top notch operators and there are enough passive investors in a deal that are looking for a 1031 they often provide a subsequent syndication as a 1031.Lastly, if you had to pay the long term capital gains tax on a syndication it is still only at the long term capital gains tax rate.