But until recently, it seems silence on the status of Fund1.

Legal ConsiderationsFair Housing Laws: Ensure your reasons for denial comply with the Fair Housing Act, which prohibits discrimination based on race, color, religion, sex, disability, familial status, or national origin.

I just purchased a newly renovated home here in Clark Fulton about 5 min to the new Metro Health Campus. 

Are you utilizing any cost segregation studies/real estate professional status to lower the taxable income?

They include: zoning requirements, building codes, impact fees, permitting requirements, design standards, public land requirements, and federal Occupational Safety and Health Administration regulations and other labor requirements.

@Dennis McHugh The IRS typically requires depreciation recapture when you sell a property, regardless of Opportunity Zone status.

Taking advice from someone with a financial BIAS is dangerous to your financial health, unless you know that individual to be “above” short term personal gain and strictly in for long term relationships and reputation.  

What is the status of this project?

Unless you or your wife can qualify as real estate professional status and claim passive non-cash losses against your active income.

With Baselane, you can easily track income, expenses, and rent payments, which gives you clear insights into your financial health.