True, converting a personal Schedule E to a partnership will indeed reduce your IRS audit chances, statistically speaking.

This is especially true since everything is signed electronically.

The reverse is also true.

You put QR code placards through your property for guests to see and browse.  

Quote from @Chris Seveney: Quote from @Chris Seveney:Yes if too good to be true it probably is.

Regarding the property condition, thats on the inspection report and hopefully you went through it with a fine tooth comb.

Quote from @Brendan Jones: For the homes, and or properties that you will use as a primary or a rental property one big thing I look for is infrastructure in the area, extrinsic value (I.e. hospitals in the area, schools, and job market), and the last thing is creature comforts for people (I.e. is a store to get groceries 1 hour away or 2 minutes away).

For scaling your portfolio, consider house hacking another multi-family property to minimize living expenses while building equity.

Yes, This is true! 

@James Thompson Transferring property from your in-laws to you can be done through a gift, sale, or trust transfer, each with different tax implications.