In order to avoid discrimination you should have a set of minimum qualification standards for all applicants.

He didn't state how their company could help you get large unsecured lines of credit on the podcast, so I set up a call with them to find out more info.When I finally spoke with someone and found out their magic formula was me opening up a bunch of credit cards, I had to laugh.  

I am currently reaching out to property managers and builders and real estate agents in the area to set up meetings to talk about options and related costs.

Assuming that you did not set up a tent for yourself (or any of the partners) and lived there, I'd say the vacant land qualifies.Reminder: I am not an attorney.

If the partnership is set up using an LLC then the LLC would issue K-1's based on the ownership percentages and it includes guaranteed payments to partners for loans. 

But err on the side of too much money set aside for repairs.  

Your left with $11,800 of which you can set aside for vacancy plus maintenance and cap-ex.

Although, I have set expectation and train tenants, this one is just too much trouble that doesn't allow me to do my job.

. - on a side note, even after 28% increase, their rent total is still about 30% below market.

As an aside, who has been paying the property taxes every year?