I am trying to get a start up off the ground and simply want to be more liquid so that's the motivation.My plan is to check in with the GPs first and see if there is any interest in purchasing at a discount or if I forgo any accrued distributions.

More of a curiosity question but i am sure this should play into an evaluation.Thanks again for any advice.

Generally you take deductions in the period they were PAID not accrued, so if you paid 2018 in Jan. 2019, that would be an Itemized Deduction, the 2019 taxes paid in December 2019, deduct that in full on Schedule E.I am not currently including them.

But yes, I do plan to connect with the person listed on there and have and set up an in person discussion. also want to understand what, if any, permits may be required to rent out a master ensuite in a SFH.. out of curiosity, in your opinion, is the city of Dallas more tenant friendly than landlord friendly?

I have looked into HELOC'S out of curiosity.

Wouldn't the seller be pissed at this point since you are not paying the full 5 years they would not accrue all the interest and actually net the number they had expected?

my first option would be under my name just to get a better rate. however out of curiosity do you happen to know if in the closing documents they include a "non homestead affidavit" would that affect me even after doing a cashout refi?

@Jay Helms, Just out of curiosity, what is the qualifier for a high networth individual as far as your lender is concerned?

In the name of curiosity, how do you make money in a seller's market?

(Again, having verified from the municipality that they will negotiate)I did that with a 10 unit apartment complex here in central FL where I got the seller to sell me the property for 25k subject to over 300k code lien that was accruing at $300 per day.