Yes, that's how I look at it (but quarterly as well as annually since we have such a seasonal market, I like to look at same quarter over quarter).  

@Bob Gruenig Yes I agree with @Chris Tracy that you should be talking to an SEC attorney. https://www.crowdfundinglawyers.net/ or https://syndicationattorneys.com/*You will need a real estate attorney as well but these people above will help guide you better.

I think transunion has stopped supplying information in states where they don't believe they can comply with local law  but they don't have an actual set of states listed like some services.

They are some of the more sought after homes, and it can be tough to get a good deal if you aren't well positioned.

Well at least I am new to doing it.

I am happy to refer you to someHi, yes I have my EIN and Lp all set up just looking for a deal now 

The question of "can you" related to all of the LLC and structure questions appear to have been well answered already.

If I put the money in the stock market, and got a 10% return, well, after tax on the gains, that return is more like 7.5%.

For example, my office is located in NY, but I take on projects and am licensed in CT as well.

I was told one of my properties had been redeemed, when I knew good and well it had not.