There's bulk packs in our owner's closet that the cleaners can use to refresh supplies with or we just do a walmart.com order to resupply.We have gotten a number of positive comments in reviews on the pantry staples.  

So, that you can do it all over again when the next deal presents itself. 

If I finance the rebuild then the 1031 exchange presents some challenges (I will need to land a property that cash flows or breakeven so that I can get the loan for my rebuild, or banks will count that debt against me).

Hey Peter, thanks for the comment and the insight and you are absolutely correct about knowing what sells in your market, I see this happen with a lot of fix and flip projects that are just in the wrong areas, the investor gets the house for a good price however spends too much on repairs and adds a lot of luxury thinking that it will push the ARV significantly higher than the average in the area.

I appreciate the comments, those were good things to expand on.In my on-market business, we deal with crazy reviewers all the time on Zillow or Google and on Zillow, if they were a client, you have to eat it and respond.

First - you have to mention what the syndication will do as that will have an impact on how you get taxed.Given that this is a real estate forum, it is assumed that you are investing in a syndication that will invest in real estate.Most real estate syndications purchase real estate in year 1 and have a plan of selling / exiting in year 5 or 7.Often times, the sponsor will get a cost segregation study which increases the loss on the K-1 presented to the investor in year 1.This may be important as it almost guarantees that there will be no taxable income from the syndication from year 1 to the year before exit.If the syndication does well and exits at a price more than purchase, it may result in a taxable income. 

Thanks all for the many congratulations, comments, and support.

It's essential to present your own lease agreement.

For the alley, I'm not sure I'm familiar with that set up, so I don't know that I can really comment on that.

While migration to Austin city limits has cooled, the surrounding areas are experiencing remarkable growth and present strong investment opportunities.In places like Williamson County and Hays County, fast-growing markets such as Cedar Park, Round Rock, Buda, and Kyle rank among the nation’s fastest-growing areas.