No response and he pretty much dismissed this line of communication.   

Thanks for the response.  

You normally want to mark that the partnership is filing a final year return.If one partner is being brought out, that individual will have to report a sale on his/her individual return.

Thanks for the responses: A short-term residential rental is a unit such as a house or condominium that is rented out to guests for less than 31 days in a row.

This system right away shows if the network blocked my typed response.  

You must clearly define roles and responsibilities while addressing all the what-if scenarios.

@Kenneth P Ford they are a national franchise with great marketing.They also have some national support for their individual franchises, but it all depends on the local team.Recommend exploring as many sources as possible to get referrals AND cross-reference them to get as much accurate information as possible.Check out NARPM.com, BP’s Property Manager Finder (BiggerPockets: The Real Estate Investing Social Network), etc.Also, encourage you to learn from the mistakes of others - by reading posts here on BiggerPockets about owners not having their expectations met by their current Property Management Company.

Already a co-owner of  single family home with shared common space and bedrooms rented to individuals.  

I can think of a lot of funny responses to this statement but know this "it is the title company that decides if a property is insurable, no one else"Only they will tell you what you want to know if that particular quit claim deed is insurable.

As a result, I wouldn’t need to show material participation for each property individually, and I could potentially use the losses from these deals to offset other income.Even though I qualify as a real estate professional, it’s important to remember that active participation is still required to use those losses against W-2 income.