Quote from @Khyree Randall: @Caleb Brown no offense but a snowball has more of a chance in hell not melting than me ever knocking on a door.

-Build a strong network in Detroit of real humans over a period of months, buy a better deal, hold it for 10+ years, weather early storms:  better chance for success.Even on that latter deal though, are you going to cash flow in month 1 or year 1 or even year 5? 

True, converting a personal Schedule E to a partnership will indeed reduce your IRS audit chances, statistically speaking.

There is a legit chance of a loss of initial investment.  

There is a high chance that the poster doesn't even know it in NY. 

But chances are, if you show her you’re being reasonable, she’ll see it your way.Let me know how it goes - I’m here if you want to bounce more ideas around!

I kind of didn't want to mention that on the listing so that it wouldn't turn people away before they even had a chance to see it in person.  

FYI, a Cost Segregation Study will "not" increase your chances of an IRS audit.

Getting an LLC in place from the start can provide peace of mind and give you a chance to familiarize yourself with the process before expanding your portfolio.

I hope you get the chance to visit someday; I’m sure you’ll love it!