As a negative, it also has the largest gap between the cost to buy versus the cost to rent, making cash flow extremely difficult without committing more equity up front.

These rules have increased risks by making it difficult to get rid of poor tenants that pay their rent.

@Rud Sev, I would ask the syndicators you are considering if they have any sample K-1s they have issued in the past to try to get a general idea of how they treat their common taxable items.There are a few things that are likely needed to be outlined:Your capital account balance for the investment, i.e. how much money the syndicator is saying you have outstanding at any time and used to calculate preferred returns, can vary from your taxable capital balance shown on K-1.  

However, in this market i find it difficult/impossible to not have negative cash flow after extracting the value add at maximum LTV.  

I like Clarksville, TN because of the strong fundamentals, minimal volatility, and balance of cash flow and appreciation opportunities. 

Could be some difficult times ahead. 

Thing is, you need to understand it's going to a difficult way to earn a living.

It’s been incredibly difficult to see this situation unfold, especially given how much work and sacrifice went into saving for these properties.

The town of Speedway itself is difficult because of the price points, but it has a really good ROI. 

There are other, more ambitious, risky, and difficult, ways you could achieve the same end goal.