I figure if capital has been returned then maybe it would eliminate the initial hurdle preferred return on capital invested and skip directly to GP-LP split.

A sale pursuant to this chapter shall not nullify, eliminate, or reduce the amount of a foreclosure judgment pursuant to Part 14 (commencing with Section 8830) of Division 10 of the Streets and Highways Code.7) Any federal Internal Revenue Service liens that, pursuant to provisions of federal law, are not discharged by the sale, even though the tax collector has provided proper notice to the Internal Revenue Service before that date.8) Unpaid special taxes under the Mello-Roos Community Facilities Act of 1982 (Chapter 2.5 (commencing with Section 53311) of Part 1 of Division 2 of Title 5 of the Government Code) that are not satisfied as a result of the sale proceeds being applied pursuant to Chapter 1.3 (commencing with Section 4671) of Part 8, or that are being collected through a foreclosure action pursuant to Section 53356.1 of the Government Code.

.- In a round about way, the guess was that DF also eliminated rent credits in the Lease Option deal type, as a form of financing

The goal is to reduce/eliminate double taxation.

Then 1-by-1 I look at pictures and eliminate those that don’t have the updates I am planning.

It sounds like for the size we're thinking about 50% may eliminate deals that would work for us, but won't get us into trouble.

Eliminate all dog orders, repair, re-floor, repaint.It is the normal cost of doing business for landlords that do not do regular inspections.

The fact that others may choose to run away can work in your favor by eliminating competition.

Now the neighbor is ready for payday and the title company will have to ante up to move the entire house over 18" to eliminate the encroachment. $30K cost to the title company which would have been the buyer's problem had he not gotten a survey and properly addressed issues in his commitment. 

I inherited a few tenants when I bought a multifamily property.One of the units' existing tenant has two 60-75# dogs and a rabbit.  It's a 2/1 about 750SF.  She has been there for 2 years when I bought the property th...