Depending on income and credit there are always credit card, personal line of credit and personal loan options available out there

In my experience lenders much prefer to see the income on your tax returns then from what is on a lease.2.

Thanks @Johnny MartinMy suggestion is to partner with a like minded person... and preferably someone like a family member who really knows you... a dad... an uncle, etc that understands the value of passive investing.  

I personally invest in both markets myself. 

Mark Vandzura, I personally spent hours with you on the phone sorting out the accounting error that got fixed and you agreed was fine.

These are groups where other investors network and learn but in person.  

Another CPA can correct me if wrong but I don't think there's going to be any recapture here.27.5 to me implies 1250 property and if acquired after 75' means no additional depreciation to recapture.I think there would be unrecaptured 1250 in the amount of the depreciation taken previously, max 25% at ordinary rates.The total gain less unrecaptured 1250 I believe would be 1231 capital gains, not considering other factors like look back and netting rules.Also the land would be 1231 and would get capital gains treatment.And personally I would subtract selling costs as a capitalized selling cost.Amount RealizedLess: Adjusted BasisRealized Gain/LossLess: Selling ExpensesRecognized Gain 1001I could be wrong though so correct me if so.Article for those interested:Depreciation recapture in the partnership context (thetaxadviser.com)While Sec. 1250 only requires additional depreciation to be recaptured as ordinary income, Sec. 1(h)(1)(E) subjects unrecaptured Sec. 1250 gain to a maximum tax rate of 25%.

All depends on the area and goals.In a B-A class where rents are under market and condition is not great, I would prefer vacant, renovate, and rent outlate payments, under renovated, etc are to be expected in C-D class.

You either have personal knowledge or boots on the ground so you won't be throwing a dart at a place you know nothing about outside of a spreadsheet.

They are expensive $200 each but they do not break down and you can track who uses codes so a family could each have their own code per person.