We plan to use that entity as a vehicle to raise money for future syndications as well.

If you have a financial advisor on your team, game plan with him or her and see if there is a semi-liquid vehicle these funds can be placed in.

Condos are not efficient investment vehicles, and HOA fees will continue to eat into profits over time.

Other than making sure they are parking on the driveway and the vehicles are insured, it shouldn't matter. 

A eucalyptus tree fell on top of my vehicle and a Bentley owned by another gentleman in the building.  

The torn up cushion you mentioned - if it is leather or vinyl or something like that probably need to get a furniture/vinyl repair person in which involves scheduling, same thing with motor going bad in a hot tub, or other similar things.  

@Lorenzo Prieto STR is a great vehicle for Real Estate success.

It doesn’t matter where the properties or vehicles are located. 

In a small family run business you can also add back in items that the owners were paying for out of the business but had more direct impact on their personal lives and were not 100% necessary to run the business (vehicle, phones, HSA, etc), but be careful about trying to add back too many items because a buyer will get suspicious.

Sometimes they just get noisy and other times the motor stops working.