These are professionals with additional training and a stricter code of ethics.

There are areas outside the Tahoe basin with a short drive that can provide for solid short term or long term income streams and still pull in the Tahoe goers.

I have a few rentals with section 8, and they are professionally managed.

I already provide 110 electric and gas for a gas appliance.  

Allocate equity based on contributions: you provide the $235K HELOC and management, while your former boss contributes renovation expertise and labor.

Any guidance from experienced investors, real estate professionals, or anyone who has faced a similar situation would be greatly appreciated. 

I will not comment as to the tax laws and underlying rules - that is a discussion you can have with your tax advisor who presumably you are paying to help you.What I will do is provide practical and business guidance on tracking time.Firstly, there are apps available that can assist with time tracking where you can specifically detail your time, who you met with, etc.

Yes, we can provide a digital issue but we are not allowed to past links here, sorry.

The property manager must make a profit, otherwise there is no incentive to provide the service.

These areas are experiencing significant development and population growth, driven by families and professionals seeking more affordable housing while staying close to the job hubs in Plano, Frisco, and even parts of North Dallas.