Once you do make it a habit to consistently do them.

Now I’m curious though, is running credit and background on all partners, even if they aren’t bringing money to the deal a common practice with HMLs?

It seems that this would open us up to potential legal issues if the management company were to use discriminatory tenant vetting practices, not following the proper process during an eviction, etc.I would expect that part of the reason to hire a management company is to have someone that is more familiar with these laws and to ensure that we are not in violation.

Ask as many questions as you can, talk to as many people as you can, start practicing running numbers (ARV, estimating rehab, max allowable offer).

It would make purchasing multifamily easier, but that barrier of entry is also used to encourage best practices for investors running their business.

I'm still geting a lay of the land in the LV area and looking to keep practicing.

Additionally, the team has real estate experience themselves that can help with best practices and different use cases. 

Individuals will owe the tax if they have Net Investment Income and also have modified adjusted gross income over the following thresholds:Filing StatusThreshold AmountMarried filing jointly$250,000Married filing separately$125,000Single$200,000Head of household (with qualifying person)$200,000Qualifying widow(er) with dependent child$250,000Taxpayers should be aware that these threshold amounts are not indexed for inflation.If you are an individual who is exempt from Medicare taxes, you still may be subject to the Net Investment Income Tax if you have Net Investment Income and also have modified adjusted gross income over the applicable thresholds.NII consists of the sum of three categories of income reduced by any properly allocable deductions for each [Reg. 1.1411-4(a)].

It is boring, tedious and in no way glamorous but it will produce results with a consistent framework. 

It is a grind but you'll develop a somewhat consistent stream of results if you do it on a daily basis.