The 5,000 increases your basis in the partnership and the 8,000 will lower your basis in the partnership.

Max VA on a 4 unit property is $1.282MM and my understanding is I would only have to qualify for 1/4 of the loan amount, using the rents for the remaining 75%.HI Jesus,You have great rates above.The current rates in the market are much higher from lower 4's to 5's if we're talking about non owner conventional 2-4 unit properties. 

I am currently looking at getting into lower income rentals and possibly disabled qualified rentals.

I'm bullish on Reno as a lifestyle location and I think Carson City is a lower priced option for that same lifestyle.

The tenant can decide not to exercise the option and buy somewhere else, or we could lower the purchase price, or the tenant could come in with a higher down if they really wanted the house.  

You can get better return comparing with the stock market (10-15% is reasonable expectation) and with lower risk.

Sometimes it takes lower offers to get unreasonable sellers to understand the value of their home but it isn't always the case.

The lending terms on large buildings give you non recourse terms as well as lower terms.

She wants to move to a smaller home so the taxes are lower and to pay off her line of credit.  

Then after 6 months or so when all the properties are stabilized, maybe lower that amount a bit if everything is running smoothly.