You may want to build in pool rules into the lease (ie. no renting out, max. number of guests in pool or no guests, etc.).I would also speak to your attorney about building into your lease terms that would push the Liability on to the Tenant (ie Hold Harmless & Indemnification, etc...). 

Our syndication agenda revolves around acquiring discounted land, building single-family homes, and selling upon completion. what are the top 5 boxes you check when prospecting auctioned land at a tax deed sale?

There is a number of threads about it in the tax forum. 

My accountant asks me to talk to them BEFORE I make major money decisions so that they can help me protect myself from taxes.

Getting the COC% to meet that pref has become increasingly difficult with interest rates, rising insurance and taxes.

Wouldn't this property now qualify for the 1031 program and defer your income taxes?

You can sell both units to one buyer, but that buyer now has two properties, with separate tax bills, etc.  

To a banker this is a "liability"3.)

(Lower rates, higher rents, and apprciation.) until then you get loan pay down and tax advantages to go wi the lower prices. 

There is extreme liability on many issues.