Jeff, you should not have a property in your name without a mortage on it, just from a legal protection point of view - with 100% equity you are a much more attractive target for a claim than with 25% equity.

However, local customs would probably dictate that.

You can only use the exemption every 2 years so you wouldn't be able to sell both within 2 years and double dip the exemption.Depreciation - Whenever a property is "in service" as a rental you must claim depreciation.

My major concerns are the ability to intergrate with a website, robust reporting, great customer usability.

In December 2017 I quit claimed a property to someone else, it was then filed with the Chicago Cook County Recorder of deeds office.My lawyer who filed the quit claim said that a P-TAX was submitted to get the deed recorded.Please explain to me what this is.Also I would like to know, since property taxes stay with the property. 

It's those maniacs that buy homes cash via quit claim deed off of craigslist that really get screwed.Make sure your property manager is a licensed real estate brokerage.Understand you can not eliminate all risk, only mitigate it.

The properties are tenanted, cash flowing, and professionally managed by the same people.Even just using the above criteria, you'll weed out 90% of the ones claiming to be "turnkey."

For example, if you get sued, the claim is $600,000 and if you found to be at fault your landlord's policy will pay the first $300K (or whatever liability coverage limit for the policy is) and then umbrella policy will cover the rest.

On a macro level, it's important that people can dispute fraudulent payments, because fraud happens, so it's not an inherently bad thing that banks support a payer's ability to dispute a claim.

Her sisters signed what was probably a Quit Claim Deed.