They have a pretty structured rehab schedule and requirements but we're very close to signing a purchase contract, so....

I know EXACTLY the method you are referring to. 

So if you have an opportunity to receive funds now, and spend them on other income producing funds, then this is a superior method to paying down debt in order to receive funds 10 years from now. 

Regardless of which structure you choose, be sure to have a good understanding of the prohibited transaction rules and choose a provider who can help you develop that understanding.

Depending under what rule (506(b), 506(c), etc) of Reg D the syndication is structured, the number of accredited and sophisticated investors allowed to invest may vary, as well as the total amount allowed to raise. 

Maintenence implies the day to day costs are higher, that really depends on the quality, age, structure and previous upkeep.

As individual taxpayers - we run on a cash-basis method of accounting.Waiving rent means that we never collected the rent. 

In underwriting, credit is only a small part of how we assess who and how to lend to someone, you would be well advised to use a similar method. 

Good to see locals :) What methods/parts of town do you think you might be targeting? 

So most of the work we could do, except structural or major electrical work.