The chip recession of the 1980s was its worst up to that point in its history (subsequent chip recessions have been worse, but not much worse).The strategies and methods I developed became my money habits that define who I am today.

Was a permit pulled prior to and inspection made subsequent to the work?  

And then, we had to deal with questions from subsequent buyers: "I see it was in escrow and fell out, what happened?".  

@Brad Pickett, the 1031 can only be used for the sale and subsequent purchase of investment real estate. 

Or should my tenants make all payments and contract with the LLC A that holds the property and then I subsequently make draws out of there.  2-If i were to raise money under the traditional GP/LP and the GP would be a newly created LLC that I wholly own and I also wanted an equity interest using one of the LPs, should the LP interest be owned by a parent company (Parent Entity LLC) or is it individually myself? 

first tenant is usually free.. its subsequent years.. not many pm's I know release for free most have leasing agents they have to pay a commish too.. which most owners don't realize 

If they are under 20, then involving them in the development and subsequent day-to-day management (well, weekends and school vacations, really, when you are talking about a paintball place) of a Paintball facility would afford them an opportunity to learn how to run a business (and how to delegate and hold both themselves and employees accountable).

Then, as per the terms of the rental agreement for subsequent months. 

We initially signed a contract for asking price on the property and I subsequently asked for $20k break on the price based on the inspection results, which I thought was a fair ask and the seller signed the addendum accordingly.Now the seller is asking me for another $6k to cover costs of heating unit replacements (after further inspections done by the seller as required by the city) since the units are over 50 years old and cannot be brought up to city inspection requirements.

We initially signed a contract for asking price on the property and I subsequently asked for $20k break on the price based on the inspection results, which I thought was a fair ask and the seller signed the addendum accordingly.Now the seller is asking me for another $6k to cover costs of heating unit replacements (after further inspections done by the seller as required by the city) since the units are over 50 years old and cannot be brought up to city inspection requirements.