While we don’t have state income tax here we do have the hurricane tax that comes with high insurance premiums and little real insurance benefits/help when it’s needed.

For various reasons, the US government wants to understand the "beneficial ownership" of certain businesses.

You can always use a software like Turbo-Tax and follow the prompts.

What are true returns for comparison, before or after Income taxes? 

If you need financial help, ask under the "Finance, Tax, and Legal" forum.

I'd rather be slow but accurate rather than fast and inaccurate.”This is in violation of Ohio Statutory Law governing the management of residential real estate properties.

Focus on cities with favorable price-to-rent ratios, population growth, and employment trends, such as Des Moines, Oklahoma City, and Charlotte, while considering factors like landlord-friendliness and property taxes.

I have one long term partnership that we share capital but I still do all the work ( rain maker) he is a cpa so he does do the books and tax return though :)  WE built one subdivision together were he put in 500k and I made him 1.2 mil in 18 months net profit so that was not bad.

The first is that there's no consensus between tax professionals, and the second is that you will not like my personal interpretation.My interpretation is:Until the property is "placed in service" - everything goes into basis.Illustration.You buy a property July 1st.You finish rehab November 1st and put the property on the market.Your tenant moves in January 15th.The property was placed in service November 1st, and it does not matter that the tenant did not move in until the next year.Everything paid between July 1st and November 1st, including interest and utilities, goes into basis.

Yes, you will have to file the partnership tax return.