Feel free to reach out should you decide on Salt Lake as your target area.

Not really a tax question as the membership % decides who does, gets and deducts what. 

They can now decide based on the return they will earn against their dollar using little of their time and their trust in our company's ability to deliver it.

Then, you'll be better able to decide based on your needs.1.

If you decide to take the partnership from a trial, to an ongoing long-term partnership, then get the attorneys involved and create an ironclad, partnership. 

Also deciding if you want one that needs work or is fixed already.

Start by formalizing a lease agreement, evaluating potential renovations to maximize rental income, and deciding on a rental strategy (short-term or long-term).

I decided not to go that route and start looking for a good PM in Kansas City to buy some cash flow houses through and manage.

I was almost about to join his warrior program but decided against it because of the guy who was super rude and arrogant.  

Fannie Mae will allow you to transfer the deed to an LLC if you decide to try to go the conventional route, but the loan would still be in your names and you'll need to pay a title company a second time post-closing to do this  for you. 3) I can't speak for the area so no comment there4) If you're self managing, make sure you find vendors you can trust in the area since you won't be able to easily verify if an HVAC guy, plumber, etc. is trying to rip you off and tell you to buy something you don't actually need. 5) Make sure you have clear alignment of goals and a clear operating agreement that spells out what to do if those goals start to not align in the future since you'll be jointly obligated to these properties.