One issue that is rarely accounted for in underwriting by sponsors is that in deals using FHA/HUD financing (223f) is the surplus cash calculation and the limits it puts on distributions. 

I looked at the materials that they distributed after hearing them on a podcast. 

REIT is still a paper derivative of real estate with no real upside and no tax breaks.

See the following for more on the Roth IRA distribution rules. https://www.irs.gov/publications/p590b

Once you itemize each repair on the property you need to allocate a price for labor and material for each item to create a detailed estimate for the project.Once you get more experience inspecting properties and estimating costs for your rehabs you can look back at your OWN COST HISTORY and derive your OWN RULES OF THUMB that you can use for quickly evaluating properties in the future.I would recommend getting The Book on Estimating Rehab Costs to help you learn the basics of estimating costs for your projects.

If you syndicate and are making distributions to investors, budgeting will be critical, as your distributions will need to be accounted for up front. 

You don't want to hold real estate in S-corp and C-corp - Owning Rentals in an S Corporation Might Be a Costly Mistake.That leaves you with the LLC - and even here there are many things to be discussed (when to do it, how to do it, proper transfer to preserve title insurance chain, DOS, financing, management, distribution of properties per entity, insurance etc.).The LLC is a legal concept, of no particular taxation benefit (you can have it as a disregarded entity for taxation, or taxed as a S-corp or C-corp).

I would expect the receptionist to accept all mail / package and distribute to correct tenant.What your tenants tell your customers (e.g. unit / suite number) becomes unimportant.

“Skip” refers to the person being searched for (derived from the term “to skip town”) and “tracing” meaning the act of locating the skip.The act of skip tracing is most often used by bail bondsmen, bounty hunters, repossession agents, private investigators, debt collectors, and even journalists.

I guess my question is in this scenario, what is deferred gain if the $100k is distributed from QOF?