Quote from @Aaron Rogers: I'm a new developer in Daphne, AL with projects in Mobile AL and surrounding areas, what's the best way to find active developers interested in buying the paper of my projects or JV for vertical? 

We plan to do cost segregation and bonus depreciation in all our LTR and offset the paper loss of the properties (passive) with my wife W2 (active).I initially thought we could only depreciate 50% of my wife's W2 due to the 50-50 ownership, but I have learnt that if she does the material participation, we could use 100% of the depreciation.

On paper, your end numbers look solid, but 24 months of heavy carrying while juggling demo, RV site prep, squatter removal, and major renos is a lot of cash burn.

Sometimes a higher-priced unit might make the other seem like a deal, but it could also lead people to think the building is overpriced overall and skip it entirely.It might help to make sure the differences between the two units are really clear, especially if one has upgrades or a better layout.

Verify actual rents (leases) vs. advertised rents — rolled concessions and roommate situations can make “market rent” look different on paper.

We spend a lot of time making sure layouts, finishes, and details hit the level buyers expect in this price point.

The layout odd.

A few things to focus on: make sure the property is fully compliant with local licensing and safety codes, plan for sufficient staffing (especially backup coverage), and consider the layout and accessibility for seniors—ADA compliance and easy navigation are key.

We spend a lot of time making sure layouts, finishes, and details hit the level buyers expect in this price point.

The basics to make it nice and rent ready, kept unit layouts the same.