You are still going to have to file a partnership tax return.If you are operating on your own, insurance might make sense instead of an LLC (especially if you are only talking about a handful of deals). 

Makes sense, thank you for the info!

Jerry/Marshall let me share some information on Commercial lending that might make some sense.

In order to increase NOI, you have to look at your potential purchase from two sides:I. income - can it be increased (via either rent increase, or other types of income - for instance, laundry or covered parking if there's none and it makes sense to add it) and/orII. expenses - can it be decreased.

The only price that matters is the price that makes sense for you to make a profit that works for your numbers.

As for the 50% rule, the BP Calculator also lists the 50% rule as part of the final list of info and I've been taking a look each time at what appears there compared to what I get when I break out the components individually... to get a better sense of both approaches.

@Joe Platyan I think it is hard to make sense of something that is much below a 6 cap at initial purchase.

Sometimes, getting nothing is better in the sense that if they get wiped out in a senior lien foreclosure, their deficiency rights are preserved and they get to take the borrower to court and sue them for the full balance.

Maybe you all can talk some sense into me.Perhaps there are better deals out there and I should be out looking for them, but we're slightly in between financing and I just think it's super wasteful to not get these window ACs back to good working order.Sounds like only the bigger 10000 btu/hr unit is really even worth the time to investigate further at this point...Does anyone else's day to day look like this at all?

Yet we do, and the OTAs encourage this.I think the whole system needs to be revamped to something that makes more sense.