Most of the members on this site are very generous and willing to help you learn and offer advice!

Bonus 3) Channel my inner Donald Trump and do both at the same timeI think this came out longer than I anticipated, but hopefully someone can help me out!

If you find out these repairs are not needed, bonus for you.  

Have your attorney negotiate a generous cash for keys amount with all the occupants at closing. 

I can live with family in the summer for free, which is a nice bonus.

Even though the rents were really low the owner really cared for the property and some of the interior units really only need a light cosmetic renovation to get it up to market rents. 6) BONUS we signed a master leaseWe signed a lease for $2200 a unit for the next four years with a company that needs military housing.

Bonus Points for anyone who can explain how my primary/triplex should be calculated.

If the syndicators are not doing cost seg studies and taking bonus depreciation your paper losses will not be as glamorous as you might think.

Also, the property was eventually put into service as a vacation rental with additional purchases made for personal property components that have a 5 yr depreciable life for the 100% bonus depreciation.

A bonus if he/she has RE investing experience themselves and/or experience in the Franklin Park/OTE/South of Main areas.