I'm also sure there will be cities that set up rules/laws correctly and will be able to take advantage of this new business model and really rake the tax dollars along side the owners that are bringing in good money.

@Linda FordThe decision to make a C or an S election is a calculus that you should definitely engage a tax CPA/EA for.There are qualitative and long-term quantitative factors as well. 

Overall, we are looking to engage with fellow investors seeking to expand their portfolio, all while assisting a new venture.We have an adequate team around us to provide resources concerning our renovations (plumber, landscaper, flooring, electrician, etc.).

Great way to advertise as well as engage with the tenant base. 

Tenants have brought up that they don't like there number on the lease document along side of 3 other tenants.

I regularly come to California several times a year on speaking engagements so we can connect there when I'm in town, or if you are going to be coming to Montgomery I'd be glad to show you around. 

Therefore, I must offer them value in order to learn alongside them.

If he will be utilized to check the health of the association, bylaws, etc, you can anticipate a bill of in excess of $3000Experienced investors have offer forms they fill out themselves, but unless the state has a promulgated contract, you will be foolish not to engage legal counsel.

I only engage and structure win-win situations my guy!

A lot of questions here...As your dad has a 50% interest, and a trust owns the other 50% of which you and your two siblings are the sole beneficiaries (I presume), it might be advisable to, after the trust interest is distributed, to have your father, you, and your siblings contribute your interests to an LLC in exchange for shares of the LLC (usually called "units").The property would be re-titled in the name of the LLC and the LLC can use it as collateral for a loan.It's usually highly advisable to engage an attorney to draft an operating agreement in this scenario to get everyone on the same page about ownership interest, who is/are the managing member(s), what happens when someone wants to sell -- do the existing members get 'right of first refusal', what happens if a member passes away, etc.