Don't shoot the messenger.ConclusionIf you go back now and re-read the sponsor's description of the tax rules for syndications, can you find anything incorrect?

(I'm glad you're not getting a free one offline ... that always worries me as they tend to be incorrect)Tenant Application - Online tools for this are very good.

Well sorry but that is 100% incorrect, you can't get hurt jumping out of a basement window :)I picked up 7, all about 80k each, all with values of about 115- 125k, all with 1100- 1400 in rent, MUCH safer than paying a mill for a house that two years ago was 600k,,,,,,,,,,,AGAIN, I am not just writing nonsense.

That just seems incorrect, as if it was written by a bot with city-data as its source.

One little quirk of the program is that FHA doesn't allow you to roll any closing costs for the refinance into the new loan.

Correct any incorrect property details now; if it's not listed properly, it's a waste of time and could result in claims of 'bait and switch' and the like.  

Unless I am reading your post incorrectly, I believe your statement on "avoiding capital gains taxes" is incorrect.

I am very sorry for my incorrect statement in the post above.

I have had instances when underwriter used incorrect data and I saw that the numbers don't add up then I would demand to speak to underwriter & review their calculations.

@Heath DonnaldWhat you did is incorrect and a little bit messy.The owner of the property(whoever is on title - you or you and your spouse) should be making the payments for materials/rehab/etc.Your purpose for creating the LLC was liability protection - you should consult with your attorney but you likely didn't take the proper steps to get the liability protection afforded by the creation of the LLC