Hello Community,Do any developers on here have experience going through any recent or historical Utah, Arizona or Nevada QAP's (qualified allocation plans) for residential rental buildings?

Hello Community,Do any developers on here have experience going through any recent or historical Utah, Arizona or Nevada QAP's (qualified allocation plans) for residential rental buildings?

I think you are pretty spot on with your analysis though as far as what to allocate to certain expenses and what not. 

You don't need to incorporate to allocate profits.

Where are you allocating the funds to get the phones ringing and fill your pipeline?

I know that every transaction in my management group is directly allocated to a property with a paper trail (literally every nickle of every transaction).Would that not make this an easier sell (to keep the assets in separate LLCs and run the transactions through a managmenet LLC).If the paper trails are strong, then wouldn't it work fine?

Specifically I note that there is no allocation to management, landscaping, snow removal, unit turns, etc.As always, verify everything!

I think that in order to feel confident about investing I need to spend about 4 months paying off debts (credit cards, cars) before I can reasonably allocate money to investing.

I would guess it would be how the accountant distributes how much of the principle reduction payment is allocated towards the actually gain and the equity.Example.. 

If you dont have a bookkeeper, it is your duty to properly track all the income and expense so that the income can be allocated to each property and eventually to each state.