The IRS link while helpful to provide general information is not authoritative as I'm sure you're aware, and should be read in this context.The statutory guidance on what constitutes a partnership is vague. 

Make sure the seller has a commercial  attorney to negotiate  any JV agreement.You need to look at your listing agreement to see what constitutes a commission owed and when the fee is deemed earned.

Really it depends on the individual state's rules surrounding what constitutes a filing obligation.That being said, if your strategy is to eventually sell the property, or you foresee it flipping from loss to income, it may be advisable to file a KS partnership return and a KS non-resident individual tax return to document NOL for future offset against KS source gain/income.All questions together would make a great conversation with your tax CPA/EA.

Always consult with your attorney before you rely on the above information.Shouldn't the Full Faith and Credit Clause of the Constitution require the other states to recognize a validly executed Massachusetts POA?

I'm still sort of wondering about what constitutes being "substantially improved" in order to qualify for the tax benefit. 

As @Scott Trench indicated, you and I constitute a tiny minority of the audience on BP, which may not be essential for the overall monetization strategy (no maybe about it).

Go with someone local that you know, see face to face, and most importantly trust.Hope this helps some.Ryan you may be late to the Do hard money threads.. the attraction of this company is that they say they do 100% financing etc.its hard to get info out of them but one lady actually posted how they do their deals.. with the no money down.. which in fact is not no money down since you have to pay 3k to even be considered for a loan.. however it appears at least from other posters that these are not loans like your thinking off. this is a quasi JV deal that most beginners will not really understand.. title is taken in an LLC the borrower and DHM own.. in the event of a default ( which not sure what constitutes a default) DHM simply removes borrower from LLC and they now own the asset without having to foreclose.. ( which i think is a perfectly acceptable way to deal with beginner newbies.the major heart burn you hear from those that have paid the 3k and never got funded is that the deals are never good enough. 

Your partnership contract (and I hope you have one) will determine what constitutes an equitable share for each party.

Can they give you some guidelines in writing on what constitutes a MFH?  

What is more important is that the activity of the entity constitute an active operating company and not mere investing activity.