The sales will be treated as ordinary income and taxed per your tax bracket "and" you might be subject to self-employment tax (extra social security and medicare tax) of 15.3%.

However, when one person receives a 1099 or 1098 with their social on it, can you still report these forms on a 1065? 

I'm not asking anyone or explaining to anyone if my strategy will work in their specific area.Thank you for your concerns about getting advice on this website, but please understand that I do treat this website as a social media, to me a social media is just "gossip."

You can also try googleing their name and also look on social media.

@Joseph Haney and @Ned Carey - whatever socializing I missed out on in the last week is because I have clients just.like.you.  :-)

All of these properties are in good areas of town- no ghetto, near WMU and Kalamazoo College campuses and the social areas in downtowns Kzoo. 

Wages are deemed to be earned income and, i addition to income taxes, are subject to medicaid and social security taxes (sometimes called FICA or payroll taxes).

Also, I am an attorney and my wife works in marketing and social media, so there are several ways we could reduce expenses by doing some legal and advertising work ourselves.Hypothetically, if I wanted to invest up to $100k in rental property, what are my best options?  

That's all I have to say to anybody on any social level.

I appreciate any advice and am happy to join the bigger pockets social network.