Any advice is greatly appreciated, below are a few of the questions I am kicking around curious if anyone with experience can weight in:1.

Letting go of that slice of control is hard but once you do it's quite freeing which is hard to put a price on in my opinion.You must have read e-myth by Michael Gerber!  

Thanks  So I did put my CPA and attorney together to create this structure.Everything rolls up under my personal tax return and there is a schedule E for every property. 

Correct me if I am wrong but Joe Schmoe with no experience and no education can call himself a financial advisor.There is no governing body that administers the term 'financial planner' so I put litte weight into that title / profession, whether it is fee based / non-fee based. 

If it is on one tax lot, it would be recorded as one property on your schedule E.

This can be quite expensive. 3) Make sure you buy furniture with a high weight capacity. 4) This arrangement doesn't attract the best tenants.

Total rents increased by ~14% (weighted average).

Now if he gets you by the hand and shows you how to buy with no cash and credit, and you are able to buy, then his snake oil is worth it weights in gold, but he will have many excuses his business is selling snake oil not real estate.

You’re likely going to be on the hook for S/E income on it once be depreciation and losses have been exhausted, so, just be cognizant of the overall picture!

Unless you're filing the tax returns yourself (not possible to e-file a partnership return if not a preparer), then the cost is usually a large barrier for a lot of people as they're starting out.