In this court of law you are guilty until proven innocent; your loan application is unbankable until proven feasible.All in all - the project profile should still serve you well.

IL recognizes land trust and there are many case lawI plan to include my rental properties on my personal tax return (schedule E).

The only group certifying you would be the company that does the training and  I doubt it is a recognized credential I don't do it because of the way it is perceived.

There are various ways for their parents to transfer those properties now to them without recognizing a gain but they require the guidance of a good accounting/estate professional, and they do not change the basis as death does.  

However, with a lack of experience recognized, I feel like I am missing something.

He indicated that even though the state recognizes recording date for determining lien position (the common practice), subordination agreements are also recognized. 

Don't touch your account because the more you mess with it the worse your account will perform (proven fact). 

You will become better at recognizing the good stuff.

I'm new to the real estate industry but I have connections within the industry that have proven to be very profitable.

Sean,In the absence of actuals (i.e. 2015 P&L), I'd recommend evaluating this property using some of the proven rules of thumb for multifamily investing (i.e. 50% of gross income as expenses, 5% or market avg vacancy rate, etc).