Personal name: Less expensive, less protection. 

But the 199A is scheduled to sunset in 2025 under the TCJA unless made permanent.It wouldn't be uncommon for some investors to only realize taxable income on 40-50% of their dividend distributions in today's current environment (I have seen this personally).You asked about fees, so one quick comment.

Are you a REP status person? 

No personal experience with them. 

. % of rental units, #of units owned by one person, reserves, budgets, etc. 

Maybe I'll talk to a different person who knows the policy better or can explain if there are any special circumstances.

All that is going to be used against them if things turtle up IE a water landing I think as Chris has stated as some of the high profile syndicators are having some issues but keep posting about their lifestyles I would personally not be doing that It just pisses off investors who are not getting their distributions or there are Cash calls right ??

It's crucial to align your investment strategy with your personal goals and risk tolerance.

Your water heater is sufficient for one person but most sites I've seen would say it is undersized for  2+ people which would be normal in a 2BR apartment.Instead of adding a new hot water heater, another option might be to add a parallel 20-gallon heater. 

The person who lends the money can require that they be listed as a Loss Payee.