Out of curiosity, who are you trusting for your turnovers and cleanings?

Syndication Reporting IssuesMissing Form 8918 for reportable transactionsInconsistent investor disclosuresRequired registrations skippedWhat Doesn't Actually Matter:(Despite What Your Uncle's CPA Says)Special AllocationsNormal promote structuresStandard waterfall provisionsTypical developer promotesReality: Unless extremely aggressive, IRS rarely caresTechnical DocumentationMinor §704(b) gapsCapital account glitchesTechnical allocation languageTruth: Unless hiding something biggerProperty Value AllocationsNormal basis step-upsTypical appreciation splitsStandard promote calculationsReal World Example:🏢 100-unit apartment complex4 partners, $5M dealDeveloper promote structure= Zero IRS interestSame Deal With Red Flags:🏢 100-unit apartment complexHidden partner arrangementsArtificial loss allocationsUnreported debt shifts= IRS AttentionPractical Protection Steps:Basic Documentation✅ Clean operating agreement✅ Economic substance✅ Partner contributions tracked(Don't need War & Peace complexity)Economic Reality✅ Allocations match economics✅ Real money movement✅ Actual partner participationClean Reporting✅ Consistent K-1s✅ Required forms filed✅ Clear communicationThe "Sleep Well" Test:Can you explain your structure to an IRS agent without sweating?

My question is why you want to bring it up to code, other than just to feel good or improve your exit strategy?

If you would really like to explore the sector : why not go and message 10 to 20 operators and offer to look after their property or clean their property for a month in exchange for their knowledge and details on the numbers.

Keeping clean records from day one really helps when tax season rolls around.

A San Diego host I know switched their lead photo between their pool and a cozy firepit setup depending on the time of year - it kept the listing fresh and boosted engagement year-round.Capture Functional LuxuryGuests love spaces that solve problems while feeling high-end.

I've personally driven this neighborhood and was amazed at how nice and clean it is.

Instead of flipping the house, I should have wholesaled it—cleaning it out and listing it for another investor to take on the renovation.

If you were more experienced, I would consider shuffling the portfolio and being aggressive, but I don't feel you are there yet. 

The current owner bought it for $30K and I know they had to clean up a lot of title work and started doing repairs.