(Now down to 42 accounts).It was a life saver during our first extensive IRS Audit, as they checked detailed ledger entries etc etc on all properties going back 7 years.

IRS will think you are just pocketing the money and you will get an audit.IRS Audits aren't random. 

I am wanting to do a cash-out/refi on a property CRA is auditing my 2022 taxes, bank won't initiate an application if taxes show owing. 

It is right in the Audit Techniques Guide (ATG).

It is not difficult to debug the future from their investments using their own website.most STR/LTR syndication that had strong presence should be :- working in local niche market only- has five to ten years experience- had open book / track record mentality- the audited financial statement should be available to understand the business.STR market itself is very risky investment in my opinion, now you add fund/syndication then you have double big problem.one out of five hotel syndication is going for bankruptcy in the last two years , and we expect STR to survive ?

But you will not believe me unless audited.

Also no insurance.Finally, the IRS Audit likelihood for a 1040 with 6 Schedule E properties is about 10 times as likely as a 1065 (with your spouse) or an S-Corp.Then you can get a single K-1 and do your own tax with Turbo Tax.

These records will be important for your tax filings and in case of an IRS audit.4.

You will receive a report as a result of the cost segregation study that supports the breakout between asset classes and new depreciation schedule in the event that you are audited by the IRS.

At the end of the year, it is super easy to reconcile expenses and to be able to do an easy audit for performance purposes.