There are some complications under the current rules on how you have to sell your investment in order to make the tax election, but hopefully that will be fixed in the final regulations.Also, a lot of people ask - operating income during the investment is taxable under the normal rules.There can be a lot of complexity for OZ deals, but in the case properties involving a large rehab component, it can be much simpler as long as the structure is in place before you start making purchases.

I purchased a 10-unit complex in California with a hard money loan.

So my family has owned a 6 unit (4 bed/1 bath units) apartment complex in westchester, NY for almost a century, and I think it is time to see if there is any way we can get round the ridiculous rent control.

@Paul Sandhu rents to a very specific clientele so I think he can get away with a less complex agreement. 

We have found that seniors prefer this residential model over the large complexes. 

My uncle is executing the estate which consists mostly apartment complexes in California and two pieces of commercial real estate, one in Texas (double net dialysis center) and one in Arizona (triple net bank building).

Credit score screening, for all occupants, is the number one way to avoid bad tenants.Keep in mind, this housing complex was repositioned from a dangerous Class D neighborhood to a C+ or B- area. 

Commercial leases seem a little more complex though looks like I could get higher rent.

Does any know of rebates or incentives (not tax incentives) offered by CenterPoint Energy for adding blown insulation into attics of multifamily complexes of 200+ units or more?  

I want to get into commercial real estate development in the future, and develop large projects like (Retail centers, Office Buildings, Apartment/ Condominium complex's), for someone without a background in real estate, how would I get to that level?