We are both inheriting a 12 unit apartment building and each of us is receiving an additional separate property, one is a single family home and the other is a duplex.

He asked them to add it to the loan and he would pay them monthly as agreed.

If you wanted to take it a step further, you can have them add your LLC as an additional insured to their insurance.

Costs to acquire the propertyCosts that do not directly relate to the rehabilitation of the buildingCosts associated with enlarging the propertyInterest incurred on the rehabilitation loanSidewalks, landscaping and parking lotsWhat other questions do you have about historic tax credits?

In addition I will not raise the rent this year.Do you think this is a good plan? 

Surplus would go to the HOA and if there was still additional funds it would go back to the owner/borrower. 

In addition, the Dallas market is about to decline significantly.

It didn’t skyrocket but I was able to sell the property for 50k more than I my cash outlays to acquire the property.

@Don Konipol in addition to what @Chris Seveney said, also there is the financing cost. 

On top of that, there's a bill working it's way through the state to add an additional sales tax on real estate.