This representation is crucial if you're ever audited.Regarding whether to hire a CPA versus just a tax preparer: Real estate tax is highly specialized, with numerous code sections and rules specific to the field.

I'm excited to be here and connect with like-minded individuals passionate about real estate.

I believe that a community of people grow faster than individual efforts.

A deposit on cheaper ones...I've beeN an Airbnb and HomeAway host on numerous properties for the past 6 years. 

If your renting by room, each tenant would need there own individual lease agreement.

     @Bob Gruenig, what @Chris Tracy may be trying to point out is that if you are creating a LLC and bringing in other passive investors into that LLC, your LLC may be subject to securities law.The easier option would be to let each individual come into the syndication's LLC directly. 

Keep in mind that some expenses are out of an individual's control.  

We help clients close numerous multifamily deals in the valley each month and have good pulse on what's happening.Matt

I am reaching out to inquire if anyone offers  mentorship programs for individuals eager to learn and grow in this industry in Ohio?

@Tom McDaniel After dissolving the LLC, each individual partner would be considered tenants in common and the interest would then be distributed evenly to each partner.