If all 3 units are roughly the same value, then you are only getting 1/3 of the total potential benefit.There's a lot of technicalities I'm intentionally skipping here, to distill the core issue. 

This is especially true if the property requires significant upkeep or if the heirs live far away.Owners of Distressed PropertiesSellers who own homes in poor condition and can't afford the necessary repairs may prefer to sell as-is rather than invest time and money into renovations.Landlords with Problematic TenantsLandlords who have been dealing with problematic tenants, frequent vacancies, or costly property damage might want to offload the property quickly to cut their losses and avoid further hassles.Owners Facing Major Life ChangesSignificant life changes, such as health issues, retirement, or downsizing, can motivate people to sell their property quickly.

I have never had an issue with theft, which hopefully doesn't change now that I said that.

To team up with her would solve 90% of the issues you could encounter too.

I do not use online payments because of this issue.

If you worked with property management companies before, you know that this type of service is not as common as it should be.

The issue is, that the house he bought to flip, I guess is in a "not so desirable" neighborhood in that market.  

Clair I have two duplexes and house hack one of them and have very few issues.

This affords the opportunity for a homeowner to sell the property if it is not under water for market value and pay off the loan before they are foreclosed upon, or more commonly, short sale the property with the bank's approval. 

Entities that are not "disregarded" need their own QBO to ensure their balance sheets remain 100% accurate.To @Jake Baker's point, we do run into an issue every now and then with some transactions that don't allow us to designate the customer/property but we've found ways to get around this and still have the transaction reflect the appropriate customer/property.This allows us to pull all the financial reports our Clients and their tax pros need to see.I'm in no way saying our way is the end-all-be-all but it works for us and our Clients' tax filers/advisors.There's a FB group called, "Bookkeepers for Real Estate Investors".