Consider the responsibilities involved, with selling releasing you from property management duties and renting requiring ongoing maintenance and tenant management. 

This content is from a article I am just about to release to the digital community....A property management company provides valuable advantages for the self-managing landlordTime and Effort – It takes a lot of work to prepare and rent out a property for residential use.

You can use up to $25k a year of those passive activity losses if you are actively participating in your real estate ventures ("small landlord" exception) and income stays under $100k a year.So yes it can be useful if someone happens to fall under these circumstances, but for anyone who is going to have over $100k a year of retirement / other sourced income, they may be out of luck.It's all timing - you are just using up those PAL earlier than if you waited for the rentals to start producing taxable income (they normally do if it is a good investment), or a property is sold and PAL are released to offset that income. 

You will need a rental release signed by applicant giving permission to release information on their tenancy. 

There’s also plenty of lenders who will fund construction and provide for a stabilized release which works similarly to a cash out refinance.

You got a lot of re-leasing and other costs for money losers.Some syndicators are nothing more than glorified property managers disguised as GP's praying some of the deals work out and limp along.The newer accredited investors tend to get sucked in by the pref and do not study the deal as much.

@Travis Fisher Dry scrape should only be done after asbestos testing...wet is preferred because the texture just falls off so presumably a much lower chance of releasing asbestos fibers.

No income No doc.They will release the funds in draws as you complete the project Phases. 

WRONG  EMD need mutual cancellation  agreements signed by the property seller / owner and the buyer before the money is released and I can tell you by years and years of experience  EMD get held up all the time over squabbles  seller gets pissed off because wholesaler said he / she was buying the property when they really were not..

https://www.ewg.org/news-insights/news-release/2024/03/over-240-california-community-organizations-unite-againstLate in the legislative process the tax was slipped into a 2022 law, A.B. 205, authorizing the California Public Utilities Commission, or CPUC, to add a fixed charge to electricity bills based on household income.