This is never a useless excessive but a necessary one.

In other words, at what point does a typical GP to determine there is "excess" cash flow that should be distributed accordingly?

I've since decided that the cost of buying an MFR in the Seattle neighbourhoods i'm interested is just not feasible at this time (with this impending market crash, pouring excessive amounts of capital into something that might exponentially depreciate in a couple years sounds risky).

Best bet might be to negotiate with the city and settle on 1 year of back-billing vs 10 years.  10 years seems very excessive.

Set your goals pretty high and try to accomplish them in excess.  

I've found that prices in CA are a bit excessive and things just happen to be way more expensive here.

As a Parma resident myself, I would not be ok with the city looking like Cleveland.The debris fine is an excessive use of power but I assume that has more to do with your relationship with them and the failure to register previous years then their normal practices. 

That's a lot of bedrooms for that size home.I recommend researching the area of the property before making any decisions to understand if this is normal or excessive.

. §§ 250.512(c))Lease, Rent & Fees:When Rent Is Due: No StatuteRent Increase Notice: No StatuteRent Grace Period: No StatuteLate Fees: No StatutePrepaid Rent: No StatuteReturned Check Fees: Allowed, but it shall not exceed $50 unless the landlord is charged fees in excess of $50 by financial institutions, upon which the landlord can charge the actual amount of the fees.

Looking for existing apartments Primary and secondary markets throughout the Southeastern U.S. with solid growth projections1970-2000 construction, Class A, B & C50-400 units per property$1M-$35M acquisition pricePurchase price at an 8.0% capitalization rate on existing NOI with upside potentialOnsite office and/or clubhouse facilitiesUnit renovations or other capital improvements neededUnused or excess land available for additional developmentProperties currently underutilizing existing zoningNewer construction Class A properties with near-term debt maturity or currently in defaultGlen Stygar919-214-1443