This all rolls into being able to use my LLC to fund additional monies into my solo 401k each year based on my profit without the concern of the self-employment tax eating into it. 

The (mostly) fixed legal costs of syndication would eat up a lot of the money.

If a borrower stops paying on that first mortgage, and then the lender goes to foreclose, any equity that might have been had in the property is now gone because default interest, late payment penalties, legal fees, etc will eat up anything left after the principal balance of that first lien is paid.

I can take some overhead shots once the grass turns green and trees have leaves. 

Sometimes businesses like a storage unit company or daycare mix well with a residential house, which can be used for the 'security' of the storage unit or manager of the day care.If the neighborhood has apartments or multi family homes, you could fit that in with some green area.Don't expect the city to come up with a development plan for a less than 2 acre lot. 

All these expenses easily eat away the gains I accumulated over timeWondering if other members typically purchase a home warranty of sorts to minimize these expenses?

Go ahead and use https://www.rentometer.com and tell me if your pricing is truly low enough to fall under the green area.

The code updates introduce critically important initiatives that will help Austin maintain its high standards of water quality resource protection, including increased use of Green Stormwater Infrastructure and expanded protections for wetlands on Lady Bird Lake.

I was told that “mechanics eat all the profits”.

. -- HELOC on 3 unit (which is also primary residence) -- 0% Interest credit card I'm inclined towards the cash-out option because it wouldn't directly eat into my cash flow, rather it would cut into my profits on that rental.