After the raise, if the issuer has sold passive interests in a company such as a limited liability company, the LLC Act of the state where the entity is formed may have additional laws regarding fiduciary obligations, fraud, misrepresentation, good faith and fair dealing, that may also be applicable if management knowingly conceals material facts from the members.

I also appreciated @Scott Mac's perspective regarding liability and accepting commission as that could be a slippery slope.Ultimately on 50 units, you're talking about $250 per month revenue. 

That's crazy liability for the doctor. 

Also, consider that when you do employ a property manager they do not shield you from vicarious liability. 

As long as you have the tax liability you can potentially receive the full 26% on next year's filing, but you may have to claim it over multiple years depending on your situation.

You are transferring various liabilities, namely maintenance and operations aspects from you too a buyer. gaining some liquid capital (down payments), while retaining control of assets. 

That being said- as an agent, you have a better understanding of how things work and what the laws and liabilities are.

LIMITATIONS OF OUR LIABILITY. . .

@David P.Purchasing property with unpermitted units in Southern California can be risky due to legal and financial liabilities, tenant rights, and potential issues with property value and financing.

These deductions were crucial in offsetting the property owner's taxable income, effectively reducing their tax liability.