There is NO SUCH thing as a guarantee in fact when investors invest with companies there should be language spelling out risks and the potential loss of the whole investment as a possibility. 

Whats going to help me decide between the two is whichever is easier to get started in without a ton of financial capital.

As you state your intent was to double-close - a universally legal way to wholesale - you may have some of the same remedies available.If your losses amount to enough that it's worth it to you, I'd talk with a local attorney.Let us know how this all works out. 

That's one of the great benefits of MFR's and I'm glad to see other investors like yourself capitalizing on this great opportunity we have with real estate.

Then if we have enough appreciation we would sell it and possibly re-investing in another larger building using a 1031 exchange to defer capital gain taxes.

They are all cash flowing but I did show a loss on rental income for tax purposes (still trying to figure out if that's smart or not).Any advise would help.

Account Closed They are also placement agents that can connect you with capital sources.

Will be relevant to the recognization gain/loss later on. 

Is it permissible to use the de minimis safe harbor election and expense the renovation costs that fall below $2,500 instead of capitalize them?

What is the best way for them to go about selling this property and will they have to pay capital gains tax?