But the reality of it is a conventional lender will not lend you the $ if you don't have an income.

As in reality we are just taking our rehab budget out of the property and adding it to loan value, how best to show it in tax paperwork to minimize the impact overall?

He is being ridicules suggesting it is easier for his budgeting when in reality he is unnecessarily shifting more responsibility and book keeping to his landlord.

Some are better than others, and some offer more complete assistance than others because some lack the personnel by choice to offer direct consulting or audits, let alone assistance in case of a regulatory review.The economic reality for RCG is we could not afford to provide assistance to retailers and community owners at acceptable pricing levels if we were not already invested in those products and services because of our work with seller finance operations.

In business it would be great to answer every call, email or text immediately, but reality sometimes you just go with what is the biggest problem and work down from there. 

The reality of different people coming and going on one side can significantly impact the long-term tenant on the other side.

As I said, my reality has cash flowed more than what the 50% rule projects.  

So it is probably less complicated than you are imagining.Changing the membership interests internally under the direction of your accountant to reflect reality is probably not a problem.  

I am looking primarily at single family houses but i'm not apposed to multi family or commercial reality. 

I am looking forward to seeing the reality on the ground and we should definitely stay in touch.Cheers,Samuel