First of all, let me say that if you show rental income WITHOUT any of the normal associated expenses (depreciation, property taxes, maintenance, etc), a talented mortgage underwriter will start asking A LOT of question.  

And then any thing associated with your 1/3 would be accounted for separately and be excluded from any interest regarding the 1031 

I recently completed the broker associate licensing exam and I'm looking for an investor friendly employing broker in the Denver metro area to hang my license.

So selling faster is important to me.Separate topic: I loathe the hold that the National Association of Realtors has on buying and selling homes.

Partnership's and the finance commitments associated with this type of loan structure present short term gains, and long term restructuring difficulties.

I'd suggest going to a housing court session in  your jurisdiction, to see how things are done, just call your court house and find out when housing court is in session.. in 2 hours you'll see first hand how easy it is .Use the MN MMHA lease for your properties available online from MMHA Minnesota Multi Housing Association.

From what I understand, STL has a lot of REIA (real estate investor association) meetings, which can be a great way to network and make connections.  

I think if I were to purchase a 20-60k property I would expect a higher cash flow due to the risks associated with a D class property. 

If you skip the LLC and remain the beneficiary of your land trust you have not insulated yourself from the dangers associated with your investment.

Rebecca Martin Maybe you can just ask for the amount of reserves the association has at the moment as well as a list of any special assessments from the past 24 months.