Without rent credits, the seller retains all rental income, but the deal might be less enticing to buyers. 

We then logged all three parcels for a total of $70,000 in logging profits.

Note that this very different from a blind pool fund where you invest in all deals in the fund.

Now the Tenant Buyers / or Wrap Around Note payors are REFINANCING and getting ALL new financing which means the underlying Note which we took over SUBJECT 2 is being PAID OFF in FULL.

Most CPA will say they work with investors who own real estate all the time and that is probably technically true because so many people do have one or two properties, but that doesn't mean they treat their properties like investors, nor do those CPAs necessarily know how to take advantage of real estate tax rules.

Day of the install after all the material is off the roof you’re asked for more money due to lack of material, i.e. compromised wood that was not inspected when it should have been.Just like a mechanic, you probably wouldn’t trust him if he told you you needed a new transmission but never popped the hood. 

We could sit here and debate recession vs. soft landing all day, and please, go ahead and leave your opinion in the comments.

Again best to hire all this out for various reasons not the least of which is if somebody needs to be evicted.  

Thank you all again!!!

Almost all multifamily syndications will already be run as an LLC, in which investors like yourselves would be the passive "limited" members.