I did a substantial bathroom and kitchen remodel as well as removing the old singular oil furnace (Which I footed the bill on since it wasn't a split system) and added central air and a separate upstairs unit so the tenant now pays their own heat.

A partnership tax entity offers a lot of flexibility regarding allocations.In general, tax follows whatever allocations are written into the operating agreement as long as said allocations have substantial economic effect.1/3 - 1/3 - 1/3 may or may not be appropriate. 

NAR stats suggest that FSBO owners receive substantially less (almost 30%).  

Veronica seems interested in house hacking in South Bay, and I don't want her to be overly influenced by out-of-state thinking.

The federal government gave every state substantial amounts of money for COVID relief.

I know interest rates are likely to stay lower for a while but I'm not sure it would be prudent to have a variable rate especially if it's substantially higher. 

I think it will make more sense for section 8 if it is close to commute, there is a substantial cash flow after all expenses are accounted for and if there is not too many projected capital expenditures. 

So, would you really need to find a property that is just outdated and needs cosmetic updates in order to get a loan from the bank and based of your numbers when analyzing the deal it would have to be substantially under market value?

I have a savings account and a somewhat substantial 401k.

The fortunate thing in all of this, they really are neutral (they get paid whether the loan funds or not :-) Ideally I would start it off as legitimate learning effort and ask them what factors are influencing, because you really thought that it was most comparable to the house next door.