I could have easily had double the portfolio I now own, and while I'm not complaining by any stretch of the imagination as RE has been very very good to me, it slowed my progress down significantly when interest rates were excellent and I should have been more willing to use leverage.

I imagine if I claimed the roof last year when I replaced my rental roof, they would kick me out by now.

Not sure how this helps, but they seem to have a system they like to follow, and their LLCs hold general troughs of investments, i.e. all syndications go in ABC LLC, all direct holdings go in XYZ LLC, etc.From protecting your liability that may arise from an action taken by the syndication, I can't imagine you would create any real protection there.  

The rules are totally pro-scarcity and anti development, that's an excellent business venture if I am pouring in billions. 

Imagine the 2nd property is a 4plex, each unit can be rented $1500/unit of 75% =$1125 x 4 units =$4500 worth of income to offset your that 2nd property.

Imagine having 10 separate accounts just for 10 properties.

Since my portfolio is small, I imagine it shouldn't be too bad.

I look at every single item in the pro forma and imagine that it is complete BS, and see if I can challenge it.

Can you offer tips that aren’t going to produce properties that are on every list imaginable?

Let's all make a vow to really think, analyze, verify before we dress up nonsense as "facts" or "data".Imagine buying a car from a car brand that ALWAYS breaks down.You are telling others: The car works fine.