Audit, Tax, Private accounting.

My accountant has saved me hundreds of thousands of dollars over the past 25 years and has been able to keep me out of any audits and grief that the IRS can give you unless you keep your records tight  and follow the rules.

Currently I work as a CPA doing audit and attest work. 

You can get a desktop study done using modeling for around $2,000 usually, but it likely won't hold up under audit and won't get as much benefit as a forensic study. 

@Maria HintonMost of those "guru" speaking programs are focused on parting you from your capital ... whether you learn anything of material and become successful in investing is somewhat secondary.If you want to learn about real estate in a classroom-type setting, I would suggest auditing a course on real estate at a local university or community college.  

They view them as a taking of profit and it could jeopardize your exchange if audited.  

If I convert it back to a sole owner pass-through LLC will it spark an audit?

I was sent an invitation to the IRS to review my 2015 and 16 federal taxes. I read that you are allowed to record the examination as long as you provide a 10 notice in writing. As o did such, the examiner called me an...

You should, however have a copies stored somewhere for audit, lending, and insurance purposes.

They are rental related only, but not being able to clearly know where to file them in SCH A, SCH C, SCH E, really is a big problem and audit risk.