There're much better ways to handle it. 

Assuming she knows very little about RE, she will probably use a lawyer to handle the details of the quit claim deed. 

@Alexander Ritchie We are considering if we are long distance or out of state to find backup contact people if something needs to be handled to possible fulltime management at some point.

I'm not really worried about handling expenses on a month to month scale.

She wrote the check for 104k total, I brought the deal by always staying on top of the auctions, I handled the eviction process of the non-paying previous tenants, coordinated and managed the rehab, and will manage the rental for a 50/50 split of all cash flow and any equity earned beyond her 104k investment.

I need an 11th hour assist from my fellow BP members to be sure I am handling a tax situation correctly.The situation: I purchased an investment property in July 2017 for the purpose of renovating, creating 3 units and converting to condos for sale.

They handle many multi units.  

Most people on BP get accountants unless they can handle their situations themselves.

The same trick would work if you had something more complex and dangerous like a gambrel roof to do, but with contractors handling the more difficult parts.

The other, she does a ton of work, and I basically handle the contracts and gaining access to the property, and we split the commission 50/50.