Unlike many on BP who talk about getting into REI, Chris has actually done it.And so while the content of some of these replies may be accurate, the tone of the replies in my opinion leaves something to be desired.While telling the truth is important -  being real is important - I think those of us with more experience and greater wealth have a responsibility to help others who demonstrate the effort and commitment to succeed.For all of us who have created financial security and freedom thru REI, we were “green” at one point and were helped along the way by others.

Props to you for finding a cheaper option than more unpaid rent and eviction proceedings in an environment where it is more and more difficult to remove non-payers.Of course it is not fair to need to do cash for keys. 

***Selling depreciation of LLC to new investors buying “equity/shares”***Feedback or insights from syndicators with experience or tax professionals on depreciation preferred :)I own 100% of some LLCs and have a couple LLCs with over $300,000 depreciation (over $2,000,000 total depreciation) that I’m not going to need from my losses.

Subject to needs to be done very carefully in how you structure the deal.

You are going to need 30% or more to just cash flow positive.Get prepared to improve the property.

This is our first property and our expected costs are going to be well over $5,000,000 which is why we are going to need all the help we can get as to what we need to get started. 

You are probably going to need a Pub private partnership, pm me your email and phone number and I'll connect you with someone who can facilitate in your market.

To do so, we're going to need more capital (and of course the thumbs up from the bank to get a loan).

Jillian Sidoti we are going to need your services very soon.

I could see someone getting a serious muscle tear or dislocation maybe.