Code § 1701j–3 - Preemption of due-on-sale prohibitionshttp://www.law.cornell.edu/uscode/text/12/1701j-3 "(d) Exemption of specified transfers or dispositions With respect to a real property loan secured by a lien on residential real property containing less than five dwelling units, including a lien on the stock allocated to a dwelling unit in a cooperative housing corporation, or on a residential manufactured home, a lender may not exercise its option pursuant to a due-on-sale clause upon—.............(4) the granting of a leasehold interest of three years or less not containing an option to purchase;.....````````````````````````````````````````````````````````````````````````2) the IRS Here’s what the IRS looks for in determining whether there has been a disguised installment sale: (1) Whether the amount of the purchase price and right to the purchase price is fixed and unqualified; (2) Whether the obligation to convey title on final payment of the purchase price is absolute;(3) Whether the vendee/optionee has taken possession or has the legal right to possession; (4) Whether the vendee/optionee has otherwise assumed the benefits and burdens of ownership.

There is no direct road to my property, the nearest road is only 100ft away and on the plot plans there is public space allocated for a road.

You cannot allocate these expenses now using today's rents. 

Should I allocate those overhead items evenly across properties on Form 8825 or is there another place on the Form 1065 where they should be accounted for?  

I found the following in "The CPA Journal":IRC section 163(d)(3)(A) defines investment interest as interest that is paid or accrued on indebtedness properly allocable  to property held for investment.

It was because Fema had contracted the City of Houston to allocate funds to Landlords.

You would be getting into minimum gain issues and debt allocation issues to determine your basis in the partnership interest.Your basis is equal to capital paid in PLUS loans taken out (this is key for LLCs) plus gains minus losses, distributions and loan paid off/down.So basically your basis will be the purchase price of the building or home (cash down payment + loan taken out to purchase the property) to begin with.

You should also look into doing a 1031 exchange on properties and you can begin gifting interests to the new properties, check with your CPA on the allocations of such properties.

The organization runs professionally facilitated monthly meetings for 10 to 14 peers, where each member has a chance to present to the group their portfolio strategy and allocation decisions, alongside a careful articulation of their investment criteria and long term objectives – what their risk tolerance is, for example, or whether their goal is to spend it all down before they die, or create a family legacy to last generations.

Each year I grow a little more bold and allocate a little more time to investment opportunities.