It has worked out for me, but I'm wondering if anyone else has another person they trust that I can float other, similar tasks to?  

K1s show your share of income or losses from the partnership, and you include it on your respective personal tax returns.Now, to your partners.

The first is that there's no consensus between tax professionals, and the second is that you will not like my personal interpretation.My interpretation is:Until the property is "placed in service" - everything goes into basis.Illustration.You buy a property July 1st.You finish rehab November 1st and put the property on the market.Your tenant moves in January 15th.The property was placed in service November 1st, and it does not matter that the tenant did not move in until the next year.Everything paid between July 1st and November 1st, including interest and utilities, goes into basis.

The person worked for H&R Block, now works for TurboTax Live and is being honest about their skills: NOT QUALIFIED.

Personally, I do not like any strategy or approach that aims to benefit from the misfortune of others.

Then, each person with money in the deal would get an 8% preferred dividend until they get all of their money back.

No problem, I had cash from a refi, a HELOC, and a personal LOC.

I am personally very bullish on the Phoenix market.  

This is my first personal mortgage so I'm trying to learn the game.

Here are some Key Takeaways for You to Turn Your Multifamily Real Estate Dreams Into Reality:➡️Define personal goals.