But check out below what he said to me in regards to this: "First, there are depreciation issues among many other possible factors on the tax return which would be calculated into the K-1 numbers, along with the fact that there would be capital gain/loss rather than ordinary income.

As I continue learning about REI, what I'm thinking more and more is that what is maybe the single biggest factor in profitable investing is given surprisingy little attention.

Do I designate one tenant or make all the tenants responsible?

This along with your investment time frame are key factors to consider.

But it depends on different factors and not just credit score either.    

Is there a Senior Housing designation that can be attained from HUD or other agencies in Florida that would protect me against age discrimination?   

But doing our part to be extra careful and getting the structural and soil surveys done to factor in the additional costs (if any) as well. 

That is a broad question and based on many factors on both the property and the market. 

@Kendrick Smith - You also have to factor in closing costs on the refi.

Does anyone have a recommendation on a software program to use so we can show potential buyers what the rehab will look like after completion. We would like to be able to upload an actual picture of the home and show ...