A famous quote: Do unto others as you would have them do unto you” is commonly known as The Golden Rule.

The most common reason for a high water bill is a toilet that constantly runs or flushes.

I advertise the houses that way, even if there's an appliance or two that the previous owner has left in them and I don't mention them so that the people coming aren't (or shouldn't be) expecting to find them. 

The red flag for me was common sense.

This is fairly common when people want anonymity.

Multifamily is the most common one, but some groups also do self-storage facilities, student housing, commercial properties, and others.3. 

As mentioned elsewhere, breakeven on cash flow is not the same as break even for taxes.Let's make some assumptions:Rental income = $1000Mortgage payment = $400 - but $300 is interest and $100 is principalOther expenses (repairs, advertising, utilities, etc) = $600Depreciation = $250The above scenario creates a break even from a cash flow perspective, however the tax scenario looks like this:Rental income minus the mortgage interest (principal is not deductible) minus the other expenses minus depreciation looks like this:1000-300-600-250 = $150 LossIf your income is over $150,000, then you cannot deduct that loss, but you can roll it over to future years. 

That's a common phrase.Real estate investors can get more bang for their buck from their PMs when these folks "think like an investor."

We don't allow any "deal-making" in the forums, which includes advertising your services or properties, looking for partners, etc.

@Rud Sev, I would ask the syndicators you are considering if they have any sample K-1s they have issued in the past to try to get a general idea of how they treat their common taxable items.There are a few things that are likely needed to be outlined:Your capital account balance for the investment, i.e. how much money the syndicator is saying you have outstanding at any time and used to calculate preferred returns, can vary from your taxable capital balance shown on K-1.