Your future leases should include that this is your process. 

Greetings! This is mostly an introduction post as I’m new and really just beginning to study up on real estate investing. I’ve been handed the reins of a struggling rental business that had been in the process of sell...

It will reduce rehab cost, speed up the project, and I believe most people prefer an indoor laundry area.

I understand that passive losses cannot reduce your taxable income and must be rolled over to be subtracted from future passive income, UNLESS you meet the special allowance that says you may deduct up to $25k in passive losses from taxable income if your modified AGI is less than $100k that year.

When these payees are shared across all projects, it's a mess tracking what expense goes to which property.What's the simplest/easiest way to do this?

You may use projected rental income to help you qualify, however you may not only use the projected rents to qualify.  

I do however have time to wholly take on the project.

My point is that observing the 2008 GFC it seems like interest rates are a leading indicator for future delinquencies, and that delinquencies tend to lag by about 2 years.Should we expect something similar to happen again in the current market?

@Daniel ZapataWelcome to BP, and congratulations on making the decision to invest in your future via real estate.I have written a few blog posts that may help you get started here on BP, and with your investing.

After being laid off for the 2nd time in 5 years, I started looking at ways to stop relying on a W2 to provide for my financial future.