Meaning you can sell an apartment and purchase an office building and it's a valid exchange. 

We are extremely selective with the deals we pursue and who we pursue them with.... which is why we have the track record we do.

You must find a team with a long track record of experience that you can hold accountable.

I would find a loan officer that does both conventional and FHA renovation loans to compare which has better rates and terms for your situation.

My loan officer just came back to me apologizing for the oversight and informed me that the CD will reflect the right amount for cash to close.

**Technology:** Utilize property management software to keep track of rent payments, maintenance requests, and communication with tenants.4.

There sure are fast track approaches to this but really depends on strategy. 

Syndication Reporting IssuesMissing Form 8918 for reportable transactionsInconsistent investor disclosuresRequired registrations skippedWhat Doesn't Actually Matter:(Despite What Your Uncle's CPA Says)Special AllocationsNormal promote structuresStandard waterfall provisionsTypical developer promotesReality: Unless extremely aggressive, IRS rarely caresTechnical DocumentationMinor §704(b) gapsCapital account glitchesTechnical allocation languageTruth: Unless hiding something biggerProperty Value AllocationsNormal basis step-upsTypical appreciation splitsStandard promote calculationsReal World Example:🏢 100-unit apartment complex4 partners, $5M dealDeveloper promote structure= Zero IRS interestSame Deal With Red Flags:🏢 100-unit apartment complexHidden partner arrangementsArtificial loss allocationsUnreported debt shifts= IRS AttentionPractical Protection Steps:Basic Documentation✅ Clean operating agreement✅ Economic substance✅ Partner contributions tracked(Don't need War & Peace complexity)Economic Reality✅ Allocations match economics✅ Real money movement✅ Actual partner participationClean Reporting✅ Consistent K-1s✅ Required forms filed✅ Clear communicationThe "Sleep Well" Test:Can you explain your structure to an IRS agent without sweating?

I'm sorry to hear that some people have had problems with their automatic billing and have had bad customer service calls.Personally, I have had a great experience with Ron Legrand and like @Aaron Anderson, have attended his Fast Track and Quick Start courses.

Test their communication by reaching out as a potential guest to see how they handle inquiries.Ask for References – Speak to their existing clients to get a true sense of their service quality.Finding the right property manager long-distance is all about ensuring they have boots on the ground and a track record of high performance.