Prior Participation Test: The individual materially participated in the activity for any five taxable years (whether or not consecutive) during the ten taxable years that immediately precede the taxable year.6.

If they are telling you 2.5+ in origination fees, you can probably find cheaper money elsewhere.   3.

With the lower LTVs offered by senior lenders these days, it may be tempting to look at preferred equity and it may make sense since technically it is cheaper than LP equity, but also keep in mind they have a higher liquidation preference (obviously) but will often want all the cashflow (or a majority of it) to come to them before the LP investors and will also want large reserves, so make sure you model out the cashflows and understand the end-to-end deal with the preferred equity investors.We have some institutional investors with whom we did a combination of a pref and JV deal and it worked quite well for everyone including them and the LP investors.

Renting will be cheaper in the short-term, but long-term there is no comparison.

Why add an ADU if it can be purchased cheaper?

I have never chose them as I found similar coverage cheaper. 

We do fine, especially when we rent off- seasonat a much cheaper rate for MTR. 

Lead Safe certificates have a lower standard and the tests are cheaper, however the certificate and registration needs to be renewed regularly.

This could significantly boost your cash flow by reducing your taxable income in the early years of holding each property.Also, as you approach your goal of 10 properties, consider looking into portfolio loans.

Pool stays heated all winter as it is cheaper from a utilities standpoint.