Markets in greater Chicago area that are pretty active and potential.

That's in a sense is the question, how difficult would it be to claim QBI status for your mgmt activity, but not for your rental real estate activity - i.e., to avoid the offset? 

Do you want to be active or passive ?

I don't plan on engaging an agent I did a similar (not exactly) transaction 20 years ago and recall it wasn't too hard.  

@Cameron McCown there’s 1 more other property I’m eyeballing & currently active .

That entails both money and time, and she may not have had the opportunity to expend either within 5 days of the divorce.Were I in your shoes, I'd engage an attorney to draft the quit claim deed, inform the ex to contact the attorney's office and arrange a time for her to go sign, and that would be that. 

@Erik Dominguez I’m up in Denver and am active duty and happy to help in any way I can.

If the park is not active has no paying tenants and no cash flow it is worth nothing more than the land value.  

With that pricing, all of your account balances - regardless of the titling - and the activity can be analyzed together to give you lower pricing.

Capital expenses is a big one.I would have her sign up for bigger pockets, get active on the forums, and read a lot of blogs, watch youtube videos, etc...