The price is proportional to HVAC unit T(Ton) capacity and how big the house is.

Hotel rooms take a beating, same goes for single family homes being utilized at a high capacity.

Most of the recent posters are missing this point.The issue is what capacity you're an investor in the syndications, and the interplay thereof with IRC Sec. 469, as an interest as a limited partner, or the functional equivalent of an LP, generally raises the bar under 469 to take the syndication losses as non-passive.You claim you're "a passive investor (not Gp, Lp or KP)", but this statement further muddies the water, not clarifies. 

I've yet to speak with the owner of any promotional company that operates in that capacity.  

Hi everyone,I'm looking to get into hard money lending in multiple capacities (lending my own funds and lending other individual's/investor's money).

Capacity.

I’m learning everything and anything I can by all available means, but would love to find someone in the same market who would possibly be willing to share their wisdom and potentially walk me through an actual transaction (simply as a spectator on my end, or in any capacity you’d allow me to be involved in).

We still have full management capacity while our client gets to keep all their 5 star reviews if we ever do part ways.

In addition to ensuring that the room is built to the proper load bearing capacity as @Mike Reynolds mentioned, you should also keep in mind that you need a second egress point, such as an egress window, for any habitable room especially if it is designed for sleeping purposes.

According to my research a capital asset is:The IRS indicates what constitutes a real property capital improvement as follows:Fixing a defect or design flawCreating an addition, physical enlargement or expansionCreating an increase in capacity, productivity or efficiencyRebuilding property after the end of its economic useful lifeReplacing a major component or structural part of the propertyAdapting property to a new or different useA repair is as follows:Improvements that "keep" property in efficient operating conditionRestores the property to its previous conditionProtects the underlying property through routine maintenanceIncidental Repair to propertyReference is http://www.dbbllc.com/newsletters/focus/mar2012/irs-clarifies-capital-improvement-vs-repair-expenseNext time I will rent a small excavator, dig my own hole, and put on a Fernco.