If the property is depreciable in the hands of the related acquirer, the gain on the deemed disposition between the related parties is ordinary.   

Will the rental period be considered a non-qualifying disposition?

A domestic partnership that sells real estate generally is not subject to FRPTA.Thanks Mitchell.Is that also a tax based on the gross sale price in case of a disposition?

Here's an article where I gave an example of how CSS benefits you when it comes to partial asset disposition.

Since this is a replacement, consider taking a partial asset disposition on the old roof.

I saw that depreciation can be corrected on a single form.Also I do not understand how/where to do a partial asset disposition in turbotax.

Yes @Tj Hines I'm extremely clear on the need to have an additional role which is why I included "I understand my role should include more than raising the initial equity investment and continue throughout the holding period and disposition" before asking my questions.

You get an asset management fee of 1% of the gross collected income each quarter and a disposition fee of 1% of the sales price when you sell.  

Like all efficient people, she has a very helpful and good disposition, but do not forget that she will not work for you, but for the Groves.Phil rarely socializes with anybody at those events, and he is the kind of guy who will not look at you straight in the eye (not surprising, since he must be aware that his program has probably a 95% failure rate) and if you have not paid the full apprentice program, we will not even take 5 minutes of his time to talk to you.

Its a great way to disposition land.. do you have a sample contract where the seller retains ownership of the land?