I know how to use the basic features of QBO, as I do my own expense tracking, but my Bookkeeper is needed for the more complex entries (Loans, capital balances, reconciliation, data entry from PM monthly statements.)I spend almost 8k per year in QBO and Bookkeeping costs (Not including my accountant or tax prep.)

There are several basic rules for a 1031 for identifying properties, timelines, and uses. 

However, if the aim is simply to start basic operations or register an initial business, a virtual office can be a practical and efficient solution for the early stages.I hope this clarification helps.MontseOke yes so we are basically talking about the same thing. 

But you have to many basic questions unaddressed. 

At a basic level there is no one set way to structure a partnership.

Thanks @Henry Lazerow, that is basically what we do in the city. 

this is only a good idea if you have reason to believe that the area will be appreciating quickly, which is called speculation and akin to gambling not investing. me personally, I would rather put my money on black than bank on market appreciation. negative cash flow rentals are a time suck and money suck.

Basically- As investors, we're hosed.

I will assume somewhere in the lease it states that the tenant is responsible for a basic maintenance and upkeep of the property.

Restricted food benefits, no fast food and cheetos, no, basic food, basic everything, SURVIVAL.