Please feel free to check out my profile for more details on the investment, but we were able to spend 1 year slowly renovating the apartments as tenants moved in and out, invested heavily into leasehold improvements (long-term fixed like HVAC, water heaters, exterior paint, property drainage, etc), converted month-to-month tenants to annual leases, and raised rents to market. 

@Larry M Shepherd check with them to see if they’ll allow you to roll it into an ira.  

You may want to check out 1031Crowdfunding.com.

The collection sits on their credit report, which may protect the next Landlord who runs a background check.

Only demand doubled.

You can check on this with the governing fire department for the property. 

If I can get a 15-20% ROI (appreciation, depreciation, cash flow, mortgage paydown, write offs), and 9.5% on the funds I take out, would that be worth getting double taxed?

Also, I tell them not to buy used furniture.If you have SFR vs multi-family, you should consider being more or less easy to talk to about it, so, that if you are multi they don't DIY goofy stuff that ends up making it worse and spreading it to other units.ALSO, consider treating between each turnover, as it is much cheaper and easier to treat a vacant unit.Lastly, check out DoMyOwn.com ...they have products and great advice about all pests.Good luck!

Check with your lender prior to closing to verify it is ok to put the property into an LLC.

Seeing as there is a variety of these programs, I will definitely have to look into this more, as I was not planning on living in this property long-term which would eliminate many it seems.Thank you very much for the information and should you make a post on the subject, I will be sure to check it out!