@Daniel DietzYour assumptions are largely correct, depending on the nature of the syndication.The returns you receive would be 80% leveraged.  80% of the income received would be debt-financed, and therefore considered UDFI subject to taxation.  80% of normal deductions such as depreciation, interest on the note, etc. would be applied to reduce the taxable income, and there is a $1000 standard exemption against UDFI that also applies. 

Mother nature may not let you build for $90/sf.  

Hi Cody,Is natural gas available at your property?

If it was violent or more serious in nature, I would disqualify him.  

The lawncare can more naturally be either a landlord or tenant responsibility.3.

A lawyer is naturally going to recommend all sorts of legal action, it is what they do.

The experiences of your fellow investors shouldn't be taken as advice due to the uniqueness of each situation, changes in legislation over time, and individual nature of each state's and city's existing processes.In general, any kind of written / documented notice is better than a verbal one.

On top of that, the market is peaking, so less natural gifted appreciation will occur, so the purchase price and value add will be even more critical..  

What would happen if the property you bought at the auction was damaged by a natural event like a hurricane before you got the certificate of title but after you got bill of sale?

Get rid of bad tenants of this nature and start over.