It is not 100% passive but can be passive style income if you set it up as that. 

Let me know your thoughts please." style="-webkit-font-smoothing: antialiased; margin: 0px; padding: 0px; border: 0px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-variant-numeric: inherit; font-variant-east-asian: inherit; font-weight: 400; font-stretch: inherit; font-size: 1rem; line-height: 22px; font-family: "open sans", sans-serif; vertical-align: baseline; position: relative; overflow: hidden; color: rgb(52, 65, 77); letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; height: 256px;">My business partner and I have multiple multi family apartment buildings held as a General partnership.

For the last month I’ve been looking at Austin, Denver, Atlanta, and Las Vegas.

I challenged the appraisal - they are using a strict sq footage model for value and since the upstairs is a sloped style they are counting almost 0 of the entire upstairs floor.

Upon their deaths (which happened simultaneously; 'The Notebook' style), their lovely building was worth $10M and you inherited the property and sold for market value (you greedy SOB) with zero capital gains due because your basis in the property was 'stepped up' to $10M (I don't know the specifics of estate taxes but I think they kick in over $11.58M). 

I am looking for my first real estate investment property in Las Vegas.

Looking to meet some other investors, agents, contractors, title, wholesalers in the Las Vegas area. 

Yea this propert is hard to comp because there just isn’t many properties of similar style and unit size sold or for sale in the area.

Hey @John Vega, all this is pretty vague.

Our next meeting is Nov. 21 in person at Smoken in Style or via Zoom.