Each LP invests 70K, distributions start a year after investing as it will take time to lease up, returns 80/20 LP/GP split, 17 - 20% AAR, 1.70 - 1.80x Equity Multiple with 3-4 years hold period.

It does not make a difference if you have SS appliances granite, or  new siding Sec 8 pays by the number of BRS Good luck  I've been raising all tenant's rent since we took over 3.5% each year. 

Cost segregate and depreciate initial capital in3.

Although after speaking with other investors, some are telling us that it is not necessary to start a corporation for our first investment and its better to just buy in our personal names and incorporate later.This sort of advice that we have received is based on the information that a corporation costs more to start up and maintain.Should we incorporate now or later?

I'm trying to confirm my understanding of a less straight forward capital gains scenario than the one-time purchase and sale most deals involve.Essentially 100% interest in a condo was acquired over time, as each joint tenant passed away, leaving 1 sole tenant who gained full ownership by rights of survivorship.I've gotten differing opinions from different professionals and am trying to understand the calculation of the basis and the final capital gains  tax that would be due myself so I can spot bad advice and understand deals.Assumptions:A condominiumNo depreciation has ever been taken by any owner.No 1031 exchange.No expenses or improvements.

Thus adding to your costs that are in your contract.

I'm looking to connect with other wholesalers, real estate agents, and investors who are interested in off-market deals in the $100k -$150k range.My focus is on finding off-market properties for fix & flip or long-term rentalopportunities, and I'm building my buyer's list as I get started.

What I did was first got educated, then I started finding good deals.

So, any excess effort in dealing with it is likely wasted as it won't be recovered from the tenant.

Good deal!