Hello,My wife and I now own a residential property after living in a multi-family we have owned for many years.We each also have a day job.At the end of the year, we always get a tax return.However, we do not know how...

It seems this property is a distinguished member of the zombie foreclosure clan. 

Right of SurvivorshipThe power of the successor or successors of a deceased individual to acquire the property of that individual uponhis or her death; a distinguishing feature of Joint tenancy.

It was too broad and consequently spent too much money.Ineffective message: my marketing wasn't compelling enough to create action: I didn't distinguish myself enough from any other investor/ buyerFollow-up was not consistent, too much shooting from the hip.

The main distinguishing point is how often you will need to write a check.

It does not distinguish this situation from a straight investment property.  

The broker can claim to be able to ‘syndicate’ but eventually may only perform as an introducing broker, and the contract should be clear on how to distinguish thisWhat is the method on how to distinguish the difference between the syndicators term sheet and the investors term sheet. 

What makes you think you can distinguish a good deal from a dog? 

I see what you’re saying which is my original thought is why would anyone listen to someone with 0 experiences and 0 followers and how would I distinguish myself.

And it helps to distinguish between them.