We get alot of great reviews specifically mentioning how quickly we were able to get them supplies.Seasonal Strategies: For us this has been all about pricing.

It's a change but as you mentioned you don't want to down grade the property to a single family, but maintain the 2-family designation.

You mentioned a bank.

As I mentioned to April, I am in Phoenix, AZ, and the few places I have called about full service were in the 8-10% range and didn't have a capped amount. 

They neglected to mention that SROs (single room occupancy, aka lodging house, aka rooming house) also means likely very high maintenance, necessitating supervision and hands-on management.The property had just dropped out of contract because the first buyers couldn’t get bank financing.

So spending the additional money to convert a property in my area is never worth it.I mention this, because if you goal is higher returns on your investment, I would make sure the financials actually align before you even begin to get to the technical components.

-One of the cheaper options I have found is TaxAct Business ($140 + states), and TurboTax Small Business ($739 + states).The issue I am potentially running into, and I am not sure if the online software's mentioned above can handle (they won't tell me unless I pay for advice), is figuring out how to make sure the losses/initial capital contributions are reflected on my K-1 and not my business partner, since I made 100% of the contribution.

ya it will be illegal for sure in the next 5 to 10 years and for many reasons.. not to mention predatory and unconscionable profits.

But you also mention "Compare being able to write off the $370,000 today versus having to depreciate it over the life of the asset - 39 years - that’s quite a difference!"

Your answer might be enlightening.PS---you mentioned that your mentor has been doing creative deals for 30 years....It is possible that the rules have changed and he/she has not.