Knowing almost zero about your deal I would say you're probably looking at giving away in excess of 60% of the profits to the LPs.  

When a tenant moves out, transfer the deposit back to Checking so it's ready to apply towards expenses or to refund to the Tenant.If you end up with excess funds in the Checking account, I recommend you transfer it to a third account that is specifically designated for future investments.

We have a healthy appetite for risk in terms of taking on projects that maybe others wouldn't, but the equity needs to be there to mitigate this kind of risk. 

Because I am investing in assets and asset classes that I expect to generate returns in excess of inflation over extraordinarily long time periods, all I have to do is:- Make sure that I continuously maintain a large surplus net of income/expenses with each passing month- Maintain a fortified emergency reserve that can withstand recessions (reminder that Lines of Credit dry up in recessions, as many investors are seeing right now!

they can talk to the listing agent and see if there is appetite for an offer below asking before you even write it.

According to some of the (albeit, limited) research I've done, it's not wise to assume that lenders will just automatically apply the excess towards principal.Good luck either way!

If an error in excess occurs, exceeding 20%, then the purchaser must be reimbursed of the corresponding price overpaid.

Keep in mind that air testing is considered potentially hazardous to people should there be excess pressure or rupture ...http://www.diychatroom.com/f7/how-test-new-plumbin...

I am curious how a simultaneous close can be successfully done in a short sale...if the bank gives an approval at 100K...I find an end buyer at 130K...does the title company disclose or not disclose to the foreclosing lender that I closed previously at price of 130K and then am using 100K out of that 130K to close on my end...won't the foreclosing lender argue that they are entitled to the excess funds?

I cant see a benefit long term.Course I still remember those 15% interest rate days. and what goes around comes around.Myself having a FIXED low rate as is common today trumps all.Economy always rides the roller coaster,,take advantage of low rates fixed,,,because those arm's will be wishing some dayPut excess funds in a huge rainy day fund,,,your goals and wants may change faster than you think.