You are simply just going to be paying your accountant to file 3 tax files for 1 property. 

It would simply sit in your passive bucket and rollover to future years, negating the benefit.

It was a red flag but I decided to give the broker another chance and simply requested more transparency moving forward. 

Additionally, they may include a carried interest or promote structure on the back end, which serves as an incentive or commission if they exceed performance expectations.Limited partners (LPs), on the other hand, simply invest capital and remain on the sidelines.

Same applies for someone on welfare, if they do not meet your screening requirements they simply do not qualify.The sole purpose of setting screening standards is to denying applicants based on those standards.

I spent every waking hour of about 2 months reading every article under the Learning section and was simply amazed at what I didn't know. 

Our hope is to simply be able to collect the rents as income, which is approximately 5% of the overall value of her investments.  

You typically do not bring your broker unless they bring you the deal, and if they do that sometimes you may have to comp them When you put in your offer, you simply state the offer is based on financials provided.

The easiest way that I have found over the years is to simply ask other investors, specifically in your local market.

The company that serves and blessed me over and over again is what you would call a Tax Advisor, not simply a CPA or tax preparer.