Hopefully it's helpful for others on this forum. 

Too bad, this just looks like a good sounding name for potential Ponzi scheme. 

The LTV ratio must be:75% or less, if the seasoning of the mortgage loan is between two and five years.80% or less, if the seasoning of the mortgage loan is greater than five years.Hope this helps! 

And those also only have a limited ability at best to generate a balance sheet, which you generally want to include on a 1065 return.came here looking for answers to exactly this question, and David is correct re: why.

Glad to have you as part of this community, Barry! 

I hope this question makes sense as this is our first year filing and our first full year of operation. 

This is a great place to learn and to connect with people so take advantage of all the great resources.

We also would like to see if we can find an awesome agent to help us with this out of state investing journey. 

Purchase price: $150,000 Cash invested: $1,500 A month ago my banker (who's is also also an agent) from my home town where I have other properties called me and asked if I wanted to buy this house.

Generally, this type of counseling might have a little fee to it but it's well worth it if it protects you (and them).