(Contractor) hereby warrants that the construction work performed at {address here} is free from defects and incorporated into this Limited Warranty for a period of 1 year from the date of substantial completion, date of commencement of use, or date of notice of completion, whichever occurs first.

I am not an expert on all of the securities law issues, but I have seen gifting of interests in syndication deals to a limited partner's children (cannot confirm that they were minors). 

@Jerel EhlertI'm not an attorney, my knowledge is limited to having done this a whole bunch of times, and actually reading the documents I sign (unusual I know). 

Are these the limits set my Freddie and Fannie?

So when setting up an AP plan to limit liability like most talk about on BP its with LLCs and land trusts etc, the objective cannot be to avoid taxes.

Seems limited at the moment.

Search iTunes for the No Limits Real Estate Investing podcast.

Hi @Devlin Mcconnell, welcome to BP.While @Jake Hartnett is correct, not having a full bath will limit the potential rental pool, in the Boston area that might really be a big issue and might actually be a benefit.If you are close to the city there is obviously no shortage of "young professionals." 

Each MS got a monthly deposit, and withdraws got to stay inside the MS's boundaries - this way even if I have $10K "laying around" in my savings account, it doesn't mean I can "afford" going to a $10K vacation - it depends on how these $10K are spread across the MSs.So same goes with rentals - the rent comes in, but some of it will go into the "vacancy MS", some into the "maintenance MS", some into the "cap MS" and so on and so forth.My current couple of investments are not $flow+, they're a "break-even" properties that bank on appreciation.

Because of the price point of this property you'll be limited to how low you can go.