The partnership return would issue a K-1 to each of you reporting your respective half of income.An LLC really would not make a difference if both of you were members of the LLC.Yes, you are subject to Ohio taxes on this income.

Also, by the looks of it she is a very traditional Korean woman, and I need to respect her cultural business practices.

I respect the opinion of those with experience in the field.

Here is the link to setting up your "REI Friendly Team" in metro Indianapolis. http://bit.ly/REIContactListThese are all the people I've come across that are involved with REIs full time.Make sure you respect their time and they will help you move forward in your venture.

I respect your time as I do my own but had a few questions I'd like to discuss with you.

I'm going to respectfully disagree with the assumptions in some of the other posts as to the characteristics of a low income/Section 8 renter and what amenities should or should not be provided based on your decision to rent to this population.

You will also be subject to the whims of future policy increases which may adversely affect you with respect your competition.

Respect their time.

If you educate yourself, work hard, treat those you encounter along the way with respect and dignity good things will eventually happen.Good luck, and remember...... network!

Most of the buildings have 100% occupancy with tenants filed from a respectable PM firm that have been managing the properties.