Last I checked, I think there has to be a set unit count that you have before you would be able to use it, not too sure on that though! 

When purchasing income property there will be two sets of pro forma: one set using current (actual) data, and one set using new (projected) data.

I would have used a servicer at the outset but the one I contacted (just after signing the contract) said their computer system was set up for percentage late fees, not set dollar amounts (as mine is - per the attorney), so they couldn't take it.Let this be a lesson to others.

What they should have done is set a decreasing inflation target: 5% in 2023, 4% 2024, 3.5% 2025, 3% 2026 and if they want this pie in the sky 2% then 2.75% 2027, 2.5% 2028, 2.25% 2029, 2% 2040.

nice setting, 100% included in new FEMA 100yr flood plain.

It's your property and investment.Of course you don't want the maintenance person taking your $300 set of a steak knifes.  

If you have a single member LLC that changes to a multi-member LLC, you may have a 754 adjustment for the increase in basis of the partnership assets.I.E.

If you can get through it though, it will set you up well.

After this adjustment, the expenses are still greater than the rental income (it's producing a loss).What I'm unclear on is if I can apply the loss as a Passive Activity Loss deduction against my W-2 income (I'm under the MAGI limit).

(You act as the bank)Charitable giving to offset gainsTransfer the home into a trust (Like a CRT for example) that will avoid capital gains tax and you can have pay you a set income stream until your death and the remaining funds would go to charity.None of this is or possibly could be advice, I don't have enough info to fully know what is "best" but these are some ideas to think about!