For example, our primary residence is in my name, which give him a lot of buying power for financing investment properties. 

The bill places a 5% cap on such finders's fees, the same amount allowed for other kinds of unclaimed funds."

I would have assumed that since the tenant owed 7k for rent, you would subtract the security deposit, then add damages, and send him/her a bill for the total.

I'd pay for water and sewage, which I estimated at $40 per unit per month - any advice to get a better gauge on what I could expect for that bill(s)?

Guidance memos from the executive branch, carry the full weight of law.....but these are harder for people to locate because they simply dont know that they exist, nor that these are as much law as what the legislature writes in a bill.  

the power of networking can never be under estimatedShare your experiences?

Available on Amazon   Finally Origin Investments, a very high powered syndicator, has an excellent blog about syndications   I would read them all but this one is specifically about waterfallshttps://origininvestments.com/2017/12/28/what-are-private-equity-waterfalls-clawbacks-catch-up-clauses/?

I would not entertain it- far better things to get a return on investment.1- You should not entertain shelling out cash to reduce a tenant's electric bill, no pay-off there.2.

That just shows the power of Berkshirehathway's SEO efforts. 

So even without considering depreciation recapture (which is at 25%) you're looking at a tax bill of around $17K.