Quote from @Jovani E.: Hello Everyone, I've been following BiggerPockets for a few years now.

One of my bizz partners owns a 150 unit complex in the Northwest Solid B.. his PM sent e mail telling him to prepare for 40% non pays..

You must submit a request for a letter ruling to make a late election or revoke an election.Any change in the placed in service date of a depreciable asset.See sections 1.446-1(e)(2)(ii)(d) and 1.446-1(e)(2)(iii) of the regulations for more information and examples. 

This income  would likely be coming from a K-1 (form 1065), and flowing over to your Schedule E on your personal returns.

template=forumThere, you can both SUBSCRIBE to the e-mail forum and read the archives right now for July, Someplace there are directions for reading the rest of the archives.

Anyone have experience with Tripple E Reality or AMG Property Management?

Property managers are unlickely to offer this kind of deals as the comission are low enoughWht I am now doing with my investors now is a price agreement for certain things that they want to offboard, but this is not property management, but a sort of limited service agreement.If you are interested we can talk as I live in the area.By the way, I heard that e-sign contracts signed overseas are unenforsable, I would like to have a attorney to comment about that.

I’ve used these and they work well. https://www.homedepot.com/p/E-Z-Ancor-Toggle-Lock-100-lbs-Ph...

The best part about it is it's easy to tag your transactions for each property with categories that sync to your Schedule E for taxes, making tax prep super easy.

@James N Beliak we have several Canadian clients that either have a Michigan LLC ($50 setup, $25 annual) or they use the IRS W-8BEN-E form.https://www.irs.gov/pub/irs-pdf/fw8bene.pdf