People have abused the relatively flexible partnership allocation of the partnership items in order to shift income or loss from one partner to another in order to save taxes.Thus, IRS has a framework that can reallocate the partnership items based on the “ partner's interest in the partnership” if IRS determines the method of sharing the partnership items lacks the “Substantial Economic effect” (SEE)To meet the SEE, there are strict rules to maintain meaningful capital accounts including Deficit Makeup Requirement for those accounts.With the requirement, the partner must at some point contribute sufficient capital to eliminate the deficit, and, that way, the partner has the burden of the loss that partnership has and the allocation of the partnership will be respected by the IRS because there is SEE.This is a very high-level summary of the rules and is not comprehensive. there are many exceptions as well. 

Hello,I just read an article today in the New York Times about the Federal Reserve and inflation (https://www.nytimes.com/2017/10/11/business/econom... ).

The macro economics are poor, but if you drill down you will see more positive signs.

Which would have you looking at absorption rates, economic growth trends, median income etc... - Value add opportunities ALWAYS have some sort of challenge.

As a result, the economic growth will impact the values of the properties in the surrounding areas for the better. 

As an example if you are invested in three MSA, and one MSA has an economic downturn from say a military base closing, you are better prepared.

I have done home remodeling and repair for a few years and I would say that “flipping” that house would not be economical or profitable.

Stick with C to B class areas (blue collar to lower middle-class people who take good care of their properties), you'l get the best return with the least headaches here. 3) solid job growth, and a diverse economic base, i.e. you want lots of companies employing people, not an area where the lions share of jobs comes from a single sector or small handful of companies. 4) good population growth

You can pay cash for a house; see if one of your left wing professors will lend you the money under terms more beneficial to yourself, of you can move to one of the few remaining countries more closely aligned with your economic philosophy, Cuba or North Korea.

It's economically not sustainable.