When he left his teaching job in June 2015 I expected things to “tighten up” and be fully operational…but they didn’t.I started working with partners in June 2015 when we bought a 3 unit property.

What strategies to you have for finding these folks, and how to approach them with creative financing options even if we are not loaded?

I, my company or my affiliates are in no way or form operating outside of the NYC regulations.

I operate in the Lehigh Valley as a landlord and am acquiring additional properties, to flip and to hold.A natural way for you to get started might be to gain control, if not ownership, of some off-campus  student housing.

Check the actual operation performance of the property like:It's already tenants ooccupied?

This is how I like to operate.

Schedule E or C usually).If you are setting up a multi-member LLC with investors or other partners, then you should probably consult an attorney who really knows what should go into a good operating agreement for a multi-member LLC.  

They are operating illegally at that point.  

Here's an example of how I'm thinking it should be done:If assumed vacancy is 5% on average at stable operating conditions and expenses are $20,000 per year, then tenant reimbursements should be $20,000 x 95% = $19,000 per year.I haven't seen any example DCF's do it that way though.

I would own and operate it.