But check out below what he said to me in regards to this: "First, there are depreciation issues among many other possible factors on the tax return which would be calculated into the K-1 numbers, along with the fact that there would be capital gain/loss rather than ordinary income.

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As I continue learning about REI, what I'm thinking more and more is that what is maybe the single biggest factor in profitable investing is given surprisingy little attention.

This along with your investment time frame are key factors to consider.

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But it depends on different factors and not just credit score either.    

The joys of being a landlord :) Thanks for bringing up this point, I'll definitely refresh my memory before making any changes and read the posts in the link you posted as well as others as you mentioned. 

But doing our part to be extra careful and getting the structural and soil surveys done to factor in the additional costs (if any) as well. 

That is a broad question and based on many factors on both the property and the market. 

View report*This link comes directly from our calculators, based on information input by the member who posted.this is my smallest deal to date.