This would be preferred as to reno the factory into livable space it would cost $$$$$$ and also it would need to be re zoned.So upstairs apartment 1100$ a monthGallery space lets say 1600$ a monthBasement lets say 900$ a monthFactory space just for ease maybe 1000$ a monthThats 4600$ a month and around 55,200$ a year.I have around 120,000$ on the mortgage and after this whole shitaroo of an epidemic probably -50,000$ on a credit line with a limit of 100,000$ limit.

Ask all of your costs items to make sure your budget includes all of possible headaches and get a taste for any lenience you might get and the things you do not have to worry about them and those that you do. 

Does anyone have experience (preferably) in Philadelphia with land surveys and their costs?

Preferably someone who knows the laws around STR's AND someone who is a real estate investor themselves.

Preferably 50% or less.The second component is are you prepared to cover emergencies.  

The other thing is that people generally prefer hard wood floors, and if they are side by side the vinyl will look a lot cheaper. 

Even after 25+ years I still prefer moderate rehabs.

Preferably out of the Tampa/Orlando/Central Florida market would be ideal.

You report income from a partnership based on your profit / loss % in the partnership and how much profit/loss the partnership reported.Regarding the 10% preferred - syndication normally don't distribute based on 10% of taxable income; they do it based on book income or cash-flow.

The MAJORITY of tax professionals I know far prefer utilizing this to the safe harbor as there are a number of drawbacks associated with it.