However bandit signs are not "legal" in my area and they are one of the top advertising methods.. 

Michael is correct, every state and even city can be a little different, but hiring am attorney may not be necessary.

You are correct, income from note P&I and any other borrower payments are considered ordinary income.

What method (Cash-out refinance, HELOC, or Sell), do you utilize to continue your investment strategy when you have equity.

There's a property in my radar that seems to be inflated in property tax value comparatively to other surrounding multi-families. This seems to be erroneous. Can you challenge the accessed value and estate tax?

If the partners agree to specially allocate one item (for example, capital gains) 80/20 for economic purposes per SEE safe harbor, the corresponding tax amounts must also be allocated 80/20.However, IRS has a framework that can reallocate the partnership items based on the “ partner's interest in the partnership” if IRS determines the method of sharing the partnership items lacks the “Substantial Economic effect” (SEE) To meet the SEE, there are strict rules to maintain meaningful capital accounts including Deficit Makeup Requirement for those accounts.With the requirement, the partner must at some point contribute sufficient capital to eliminate the deficit, and the partner has the burden of the loss that partnership has and the allocation of the partnership will be respected by the IRS.This is a very high-level summary of the rules and is not comprehensive. there are many exceptions as well.Since the substantial economic effect, safe harbor allocation rules are complex and requires considerable additional recordkeeping, it's easier to follow PIP standard. 

Many of these older building have electrical running all over the place and not cleanly to the correct meters for each unit. 

It is also great that you are using BP and other sources for learning and researching methods and techniques for investing in real estate; definitely keep that up.

@Filipe PereiraHi Filipe,You are correct, most people see REI as an opportunity to quit their full time jobs.I really can't understand why though.

Therefore I figured it would be tough to just put another down payment on another MF which if I've been told correctly, would have to be at least 20% if I'm not living in the property?