Additionally, we're looking to convert the detached garage into a one-bedroom ADU, especially since the bylaws are being amended to allow ADUs on the same lot as a single-family home.Our goal is to continue building our portfolio with multifamily properties, and I would like to aim for acquiring more than one property per year.

(Final Distribution)It could be Appearance is required for continued hearing on amended trust petition orMissing proof of will or Publication is insufficient where petitioner has indicated she seeks IAEA power or Missing relationships of persons listed in line 8 of petition of probate to decedent orAppearance is required for continued hearing and trial setting on petition to determine trust property, Missing service of notice to (those heirs/beneficiaries with an interest in the property) etc., etc.

@Greg CampbellMost PMC softwares allow this, but they aren't for free.Suggest amending your post to state "Free" or what you're willing to pay per door.

Filing incorrectly can lead to more significant issues, and if you get audited or need to amend your taxes, it could end up costing you more.

If you have filed already just send in an amended return.Cheers, Buddy

The S-Corp Petty cash balance became income, he forgot to expense the phone system so had to do an amended return & then he entered her SSN incorrectly on her personal & that caused us a lot of work. 

But a client of mine sold his house and the buyer wants him to do a 1031 tax exchange amendment to the contract of late.  

Plus from the sounds of it your brother was a silent partner in the financing and is probably also on the expense side which would require amended returns and a whole level of transparency that could cause you difficulty.The easiest answer is for you to complete one (not two) 1031 exchanges and have you buy both of those properties in your name.  

That means there has to be some quick inspection and offer amendments if issues are discovered in order to stay within the inspection period. 

If you plan to bill back you'll need to amend their lease accordingly and treat it like rent, e.g. it needs to be paid at a certain point and the consequences for not doing it.Water costs me $2k a year at my duplex...I'd love to pass it along to my tenants and may start to do so in lieu of rent increases.