@Candi Kham,I recommend finding an accountant that specializes in real estate taxation and financial planning.

The syndications can give you tax-deferred monthly/quarterly distributions due to the GP doing a cost segregation analysis and applying the massive yearly depreciation (on building/parking lot/roof/HVAC etc) against the yearly income.

It's a two-family so the basement for sure does not have the proper egress for sleeping quarters, much less a separate unit.

Be very careful w private real estate syndications, some great ones, some really not great ones, and takes years of investing experience/understanding debt/property management/taxation rules etc before you should safely go that route, but then they can be awesome as they give high yields w passivity, the Holy Grail of RE investing :)you are on the right path, and RE far less complicated than the Krebs Cycle too :)

I find that the Freddie interest rate is 90% correlated to the prior quarter 10-year Treasury, also shown in the graph.https://mf.freddiemac.com/aimihttps://www.treasury.gov/resource-center/data-chart-center/i...

Yes:- file state tax extensions if you have state income tax- make estimated state tax payments- file amended 2018 returns if needed, unless you filed a 2018 extension in 2019-  make1st quarterly estimated payment towards your 2022 taxes- adopt a dog from your local shelter

Mortgage interest rates will remain elevated for a longer time period and I am estimating we won’t be back to an attractive rate - below 6%, where folks storm back to the market and feel comfortable leaving their home w/ a low interest rate mortgage - until the 2nd or 3rd quarter 2025.

@Ernest FoxI recommend speaking with an accountant that specializes in real estate taxation to discuss your options and advise you through this process and throughout the year. 

I expect fed to increase its rates at least 2 more quarters and would not be surprised if it is significantly more than 2 quarters. 

It has no secondary market and the investor can only redeem once per quarter, assuming there isn't a flood of redemptions.