Does the property distributed retain its tax attributes in the hands of the partners post-distribution? 

That's the crux of it.But if you have multiple properties and losses from the prior year, the distribution of what is allowed and what is suspended between multiple properties is not intuitive.

This is more a matter or technique and quality of workmanship than anything else. 

Study up on tenant screening techniques, and implement them diligently.CRITICALLY IMPORTANT: Too much noise & too much mess are the two most common problems you’ll have with housemates, so be pro-active in preventing those problems before they occur.

Both drywall and paint are very easy in theory/concept, but hard to get right if you don't have precise knowledge of the techniques.

Tenants save money when using a shared meter, so there's plenty of room for error when calculating how to distribute the charges.

@Rose Ganor No... you pretty much got it...You could try some of the "influencer's" techniques, and similar techniques taught by real estate investors. 

Using a vacation management company can streamline these processes, helping maximize your property's potential, freeing up more of your time, and providing access to various distribution channels.  

These techniques, while still doable today, had its heyday in the 1970s and early 1980s when double digit interest rates combined with no due on sale clause accounted for the majority of real estate sales activity.  99.9% of loans are such that the lender wants to know the source of the down payment.  

@Ashley Wolfe  When Amazon relocated their distribution facility from my town, a lot of people left to find employment elsewhere.