@Alex P.Here's a few references to start that may help you to find the answer to your question: Treasury regulation §301.7701-(3)(b)(1)IRS Private Letter Rulings 9807013, 200732012 and 201216007If you need help finding these or interpreting them, as well as knowing how reliable they are for you to use for your own taxes, consult a tax professional. 

Single family or 100+ unit apartments with professional management, Triple net leases, syndications. 

Paying a professional to help guide you through this process is VITAL on your first several development deals.

You should always be pro active and professional.

Please consult a tax professional for the most accurate information specific to your situation.The Four Astorias11105 Zip CodeMost of the 2-family inventory can be found in Astoria’s Northernmost section which falls within the 11105 zip code.

If they say "it's to cover marketing" then I would argue they probably aren't professional and just charge it because they can.The leasing fee is charged per door, meaning you will pay it every time they place a tenant in one of your rentals.

Professional Advice Consult with a Professional (both an attorney and an accountant)! 

Given the complexity and potential tax-saving opportunities in real estate, it's wise to consider hiring a CPA with expertise in this field.Many clients who work with non-specialists find that their non-real estate preparers lack the specific knowledge to help them minimize taxes through strategies like depreciation, the de minimis safe harbor, partial asset dispositions, 1031 exchanges, navigating real estate professional status, the short-term rental loophole, and more.If you are looking to qualify as a real estate professional, use the short-term rental strategy, or complete a 1031 exchange, I would without a doubt recommend working with a real estate CPA.

As Trustee your dad has a fiduciary duty to all the beneficiaries and has to look out for their best interests.I think both of you might want to get some professional advice about your particular situation before moving forward.

Even then some things don't always fit and you have to come up with a work around.Hire a separate landscaper to finish it all up for better curb appeal**all in all was very happy with outcome & quality** Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?