Again, not a tax professional and you definitely want to talk to one to confirm, but this is just information I'm recalling from a CE class taken a while back.Also, I believe the $1 million threshold on the mortgage interest deduction was reduced to $750k back in 2018, if the subject property for the mortgage the deduction is based off was acquired after Jan 1, 2018.

Remote workforces and e-commerce trends have significantly impacted retail and office asset classes; however, the multifamily asset class has seen relatively little disruption.

Does sound a bit too good to be true... mind if I ask location and asset class? 

This doesn't sound like a class A or B area at that price hence you're playing the cash flow card and not the appreciation play so ensure the cash flow is worth it. 

The LP structure is much conducive to General partner waterfalls and varying classes of investors with different returns. 

You don't need to pay for mentorship or for some class, you need to work both sides at the same time via relationship-building.

Are you looking for new property classes/strategies like STR or self storage?

The question is entirely dependent on your criteria and if you are seeking A, B, or C class subdivisons. 

Every asset class is "inflated" right now.

Ashley Class is amazing (you should find her fb, we know a lot of the same people).