LOLThank you BP for creating this amazing and wonderful resource.

Wouldn't the K-1 be based exclusively with my investment in the property itself and thus would be created by the GP completely independently?

Just go to Property Data Store and select State & County and/or Create a new account.Have fun...

I can't see the reason to go else where to make 1% or 2% greater return.. you would eat that up in travel costs alone.But anyway.. in my mind we are getting to a balance market.. and your correct rents are not keeping up with costs.. so will be interesting to see how it all shakes out in the years to come.I remember when I started in the business if you put 20% down or 25% down and the tenant just paid off your house  forget about cash flow that was a huge win..and why not.. its a forced savings safe investment tax benefits.. etc.. then it became you have to make money on your down payment this is what created that run..Maybe we will step back in time and break even will be great..

I'll start to use those opportunities to create new connections.

If I sell the house, will the money from the sell go back into the total mortgage, or when I get the house surveyed, does that trigger a refinance and create two mortgages?

California LLC.  Business established Jan 2018.  My partner and I started off by forming an LLC but quickly learned that we should probably have a passive and an active income LLC.  We have already poured our funding ...

@Jessica Geisler - I created a simple contract that I asked each seller to agree to before sending them properties. 

I think multifamily is one of the best vehicles for passive income, tax benefits and growing wealth, but my why was to create a lifestyle that supported my business.A strong why will counteract any bumps in the road, in my case, some pretty big pot holes.  

Do not listen to a loan broker who wants you to create a blanket loan and not an investor them self.