I can assure you that I've forwarded this thread to my reps and I hope they will 1) jump in to address the issues and 2) look at the suggestions/complaints and improve things.I do believe that their product is very good for independent landlords which is why we've been working with them for so long.

@Jonathan Flink The house and the lot are independent.

You might split by square footage or by non-owner occupied units (which ever suits you best, just be prepared to justify yourself if audited.

This is from the IRS audit guide:"Partners are not able to allocate tax benefits among themselves in a manner that is divorced from their allocation of economic profit or loss.

Separate (assumed) LLCs for each property, each with their own K-1s with multi-member and (maybe) their own accountant tracking expenses independently (possibly audited?)...

By allowing the buyer to independently select their service provided all suspicions are removed.

My goal has been to reach a level of financial independence before I'm 31, which I'm defining as $60k a year from passive rental income.

Don did a good job of skimming the top and range of issues.But, I did independent appraisals of notes, mostly for the state, so it is possible to have notes appraised much like RE appraisals but certainly not the same thing.If you have time, individuals or small brokers can simply get bids on the subject notes and see what others in the market will offer.

Be an open book and in the event of sn audit things will go smooth.

Unless you get audited, your expenses are sent in broad, large, generic categories.