This would require you to each report your share of the activity (depreciation included) on your individual tax return according to ownership %. 

Don’t forget to include potential points.

Extension cords to be used must be approved by the Landlord prior to use.The connections to the 120V outlets, including those to the extension cord if used, must be protected from the elements.Level 2 Charging – 240VACThe Landlord will attempt to make reasonable accommodations to support the use of Level 2 charging at its properties on a case-by-case basis.

I’m interested to know how to get around it when my taxes & insurance (including flood) are all paid through an escrow company. 

Here is one I added to this list specifically resulting from this transaction:      Are there any persons or pets presently living in any of the units that are not included in the lease agreements?

Does unit 1's leasable area or use of the space include any part of where you will be building? 

In the markets I shop, there are plenty of properties that will cost around the 80k mark total (including rehab).

Other options include owner financing and working with partners. 

@Nick KnoblachOf course, you should always confirm with your own CPA who is familiar with your situation, but here's a few generalities:- CA taxes residents on worldwide income, so the CA resident will likely be taxed on the entirety of income that he/she receives on his/her CA resident tax return, including his/her share of rental income- CA will likely want to collect tax on all income earned in CA due to CA-sitused real property, so any non-residents in CA should likely be prepared to file a non-resident income tax return in CA to report his/her share of income earned from the CA real property-I'm not familiar with MN rules, but most states generally allow for a credit for taxes paid to another state. 

The opening bid will be the combined cost of the lien with the included Treasurer's fees and costs.