Net effect, typically, means distributions are not taxed in current year, but do lower your basis resulting in larger tax bill upon sale.Depreciation reflected in the net gain/loss from rental box on K-1.  

A larger refundable deposit? 

In this case though, it makes it very tough to keep the current property cash flowing if I pull the money out through the HELOC though (while it's not directly added to the mortgage, it all still washes out into much larger monthly payments) though, so I am very leary!

I know some investors who are interested in larger multifamily and encourage me to go find the deals, which makes me really eager to try to get after it.  

The two larger trees on the left of the photo are Cedar trees. 

Larger are as low as $1.15. 

This is what is pushing up rental demand for small MF properties that having lower rents, fees, or total move in costs compared to other larger commercial apartment complexes.

This type of partnership will likely include managing partners and acquisition managers tasked with finding and structuring the deal.

Second, even in countries that do allow foreigners to buy investment properties relatively easily (like Spain), you typically have to come up with much larger down payments (like 40%+) as a foreigner.

Or like your plan use it all as a down payment on a much larger property.  4.