Everything could look good on paper, then you find out the foundation is so bad that the entire thing needs to be torn down.

The value of the land cannot be depreciated, only the value of the improvements- which is what you're speaking of as far as a portion of your $150K goes I'm assuming.For example, a residential property costing $400,000 has a land value of $100,000.

Making mistakes is part of the process of learning - and there is so much to learn! 

I would as far as what to be aware of, when you purchase a property with existing tenants you are bound to the existing lease conditions until their leases expire. 

Unlike federal waters off the East Coast, which are shallow enough to allow offshore wind infrastructure to be secured to the Atlantic seafloor, the Pacific Ocean is so deep that the only viable way to install offshore wind farms would be to build floating turbines that are tethered in place by cables.

This is so cliche, but this book gives you a different perspective on gaining wealth

Hoping we are able to work it out before filing, and does not go as far as a court hearing! 

As far as I can find1. passive losses can't be used to offset depreciation recapture2. you can fully deduct suspended passive loss from the profit when you sell your rental property - you must sell the entire property and must be taxable event - recognize income or loss, sold to non-related party3. you can't use it to offset the capital gainI guess the question is if your MF syndication is sold, is the profit "capital gain"?

@Tanveer Ahmed Denton is nice, has two universities for as far as rentals go, is growing, and has the train line for commuting.

(I grew up in Cupertino )  Use this metric.find out the Median price point for a given MSA  like Indy is right about 140k i believe I am not sure what Cleveland is. So