Hands down, I attribute my confidence going into my first deal to everything I've learned on here.

Recently, I read the biography Snowball on Warren Buffet.There are many unique attributes that have made Warren Buffet one of the greatest investors of all time: his ability to ignore criticism, his long-term focus, his remarkable ability to devour his way through volumes of books without distraction, his detachment from emotion for investing, his tremendous frugality, and much more.Buffet does have something we can all replicate.

What cap rate and other attributes would you mainly look at in the deal to decide if it's worth considering ?

In other words, it is the amount of long-term gain attributable to depreciation that is not required to be treated as ordinary income pursuant to the Section 1250 recapture ruleHowever, if there were cost seg done, there might be some 1245 and 1250 depreciation recapture.

But circumstances and tax attributes are very different for everyone - maybe someone has a large NOL they want to burn up or maybe they need to report income to get a loan. 

We are concerned about any liability that may be attributed to us 

Personally, I try to live by the code, "Never attribute to malice that which is adequately explained by stupidity."

. - If you dont want a taxable capital interest, your interest should only share future earnings and appreciation attributable to the profit interest.

@Matthew Wilson - I tend to use Google Earth (different than google maps) all the time along with the property assessors map to scout out local properties that have attributes that I like such as garages, parking, multis, etc.

.• Category 3: Net gain (to the extent taken into account in computing regular taxable income) attributable to the disposition of nonbusiness property and property other than property held in a trade or business to which the 3.8% NIIT does not apply.