You cannot treat your 2 family on Joy and Dexter the same as your 2 family in Royal Oak. 

This way in a month or less you can see if you like having tenants - people who will treat your property not like you do, and break stuff, but also pay you money that imo makes up for all of it.

Plus, you hold out for people who would treat your property with a little more respect.

I've been fortunate to use my camera for this, but everyone has a talent or resource they can use to a similar or greater use, and when you figure it out I suggest you treat it as abundance to share. 

The usual deal between syndicators and passive investors is that the current income generated from rents, etc. is treated differently, or at least separate from the return of capital at a sale or refinance.So, it is actually expected that as syndicator/asset manager you would receive an asset management fee.  

I also get into an interesting debate about how tenants are and should be treated.

If you're considering borrowing money from a family member, it's important to treat the arrangement as a formal loan.

The only real variable to “adjust” would be adding back in depreciation for equipment or real estate, I believe.The additional credit inquiry shouldn’t make any difference, shopping multiple lenders for real estate is expected, and treated as one inquiry.Yes, you will need another appraisal.

With a single member LLC it is just treated as a member draw and there is nothing that needs be reported.

The date of the gain event can be treated as later in time in some instances, such as gains received on a K-1 from a partnership.Boiling it down, for the 2-tier method (which most are trending towards), a property could be selected up to 6-12 months (depends on the date of formation) after date of investment in the Opportunity Fund, along with a plan in place to complete the project within 31 months.