Money is too valuable to simply leave it sitting around doing nothing.

I started investing in RE simply for income and wealth preservation.  12 years later that principle has not changed. 

I believe there is no require that you ever show a profit in any business only that you attempted or intended to make a profit. 

and also what are the first things you put over to that side in an attempt to dance around taxes with?

There simply aren't enough units to spread the costs across. 

The Land Trust is considered the entity doing the business of the asset and not your LLC, which is simply a beneficiary, and so you don't have to worry about those additional costs.

Would you attempt to fly a plane after reading a book about it?

My understanding is cap rate= purchase price / annual NOI, so did the owner simply take their own purchasing price when they bought their property and divided it by their annual NOI ($97,450)?

Yes, I’ll cancel and go on to the next though this will be attempt #5.

Keep your eyes open to new avenues that still lead to your end goal.Embrace DisappointmentFew people strike gold on their first attempt.