Thanks Dawn - that's a useful collection of posts.

How much decline in occupancy and collection or increased rate on the financing will put you in jeopardy?

If depreciation is deducted against collected rents before partnership distributions are made, then the distribution ratio would only apply to the net income or net loss incurred.If the net income is evenly split, the high bracket taxpayer will have less after tax income from the property than the lower income taxpayer.  

The objective of your advertising is to cast your net wide so that you collect qualified applicants.

Not making rounds to collect cash rent, not being in the house while prospective tenants are, pepper spray, maybe I'm just overly concerned about not putting myself in potential harms way.Your tagging doesn't seem to be working.  

Do I need to go to school to collect rents and manage my moms income properties?

They paid rent and I also collected late fee.

I can collect rent, get maintenance requests, pay owners, send out 1099s, etc.  

Publicly traded trusts that collect rental income are selling shares to investors.

The county I live in advised I’m required to have a business license but the type of real estate business I’m doing “requires a Contractors License” so they can’t issue me the business license because I don’t have my contractor’s license even though they are the ones requiring the business license to try to collect the ‘Return of Business Tangible Personal Property” A.