I would recommend speaking with an accountant as most operating or partnership agreements contain language that shields the GP/Sponsor when it comes to any type of tax representations. 

Purchase price: $204,000 Cash invested: $40,800This is our first rental buy & hold property we invested in back in April of 2019.What made you interested in investing in this type of deal?

What made you interested in investing in this type of deal?

What you are talking about doing is more of a resort type thing, rustic glamping and the like.Having the central bathroom/shower area kinda confirms that.

@Scott M. what are the types of prepaid items ?

Evolve and others of the type are good in the beginning and as you learn more you realize they aren’t really worth their 10%.

Intentionality in thoughts and actions are very important aspects of success - hoping this serves me well in the future.  

Assuming, everything else is great for a tenant.I'm only in the prequalification stage right now and I will get more info after a full screening, but I'm tempted to say yes if it was:1) 7 years ago2) non-violent3) not repeatedJfyi, here is my current felony policy, courtesy of @Marcia Maynard:Criminal offenses (misdemeanor or felony) of a violent nature against person or property will result in denial.Applicants with a pattern of multiple offenses will be denied regardless of what the employment, credit and rental history shows.Applicants with a non-violent criminal misdemeanor that occurred more than two years ago or a non-violent criminal felony that occurred more than five years ago may be considered if restitution for their crime was made in full and all time was served.

What made you interested in investing in this type of deal?

What type of offers have you made?