Sounds like a conventional loan to me, even then, 3% down on an investment is impressive. 

The question is what is the best way to return that money from tax perspective. the way we collected money was by opening a trust.Looking for some tips from syndication pro's.

Usually, the excessive moisture is caused by a leak in the plumbing system underneath the floors and it is usually a hot water pipe leaking.I am a contractor and sometimes I find that the clothes dryer vent is broken somewhere and all the steam coming from the clothes as they dry is going inside the house and collecting on the cool glass windows.You can hire a contractor to look for a leak, or you can purchase a hydrometer online.

You just did a turn, can you afford another one now or do you need a bit to collect cash before you do the next one?

I was thinking 60 day option Agreement with 20% down of the purchase price...once the contract is executed I would then market the Rental for a down-payment upfront then collect rent from the tenants pay the original seller and pocket the leftovers is this the correct process?

Get online or on the phone - call County Assessor or Tax Collected and ask questions and get answers. 

The document says if you leave you owe whatever balance minus what the LL collects from the new replacement tenant.

Hi Brycyn,I've been to the meeting that Megan referenced and it was good - I was impressed by how well Sam was able to run a meeting and make it engaging.

Thanks @Jonathan Klemm You have to get the meter from the city but what I see people do that is easier is simply bill back based on proportionate share or simply add a flat fee of water to be collected each month with rent based on average uses the prior 12 months.   

We were under the impression that the owner upstairs is liable for the damages as the leak is coming from his unit.