What you generally care about, however, is the actual & current revenue.Once you start to focus in on a property that looks like it might be a good fit, the next conversation is with a commercial mortgage broker (I would be one example, among many) to go over what the financing of that property might look like.

Like, an actual PM? 

BP has some great pod casts that helped me gain confidence when getting started but also help me now by keeping me up to date on current topics. 

If you accept, the entity that you are requesting information from has 30 days to comply and fulfill your request from the date all monies are paid and you have answered any/all questions they have about your request.If they deny your request, you are more than welcome to submit a modified request.

I would put a date on it for compliance, or note that I would be pursuing the matter through appropriate legal channels.   

We've also discussed the fact that these are all optional, cosmetic things that if don't fit in the budget, simply won't be done or will be done at a later date on my own when I get around to it.

However, I talked to my realtor who got started in real estate via room rentals and he shared that as a 'border income' situation you actually have more rights than a traditional landlord.

Is there any tax strategy that can be used to depreciate the actual cost of the building itself if not used by us for our LLP's business?

Real estate syndications have existed for decades, with some of the earliest examples dating back to 1926.

it was listed limitedly through a few commercial sites…was actually a walk-by opportunity How did you finance this deal?