I second the first part of this - you should be asking your broker for guidance and not an internet forum.As far as the second part (not wanting to approach your broker about this), I think if you don't want to approach them then that is a clear indication that you are doing something below board.As a licensee you have responsibilities to treat all consumers fairly, regardless of whether they are a client or not.  

@Jason Y.It is only a matter of time that tenant will stop paying completely...I would offer him money for key NOW... that would likely minimize your loss, compare to drag this out

However, the bill will be minimal and in some cases you may have a credit due to not using the power companies power.

@Dylan BardThe title of your post indicates syndication.

For what it's worth, I started out at age 22, the house was kind of dumpy so I did some initial, minimal cosmetic fixes and got a couple of roommates while I lived in the basement, which was not finished and served as a pretty powerful motivator to get it finished in my spare time.

This will be used to calculate basis.Furthermore, there should be an update to the Secretary of state website to indicate the change in ownership of the LLC.

If not, it indicates that nice improvements would be an overimprovement for the area.

I’ve received several recommendations including rehabbing one unit at a time while keeping the other units occupied to minimize holding expenses, while others have suggested vacating the entire property upfront prior to renovations.

I would be hesitant with this specific deal because the cash flow is too minimal for my liking, and the ARV doesn't pan out. 

I went to the NETWORKING menu above and a quick search turned up THIS THREAD that appears to indicate a monthly meeting.