@Justin Windham Thanks for the tips!

For 1st 5 years, monthly PI would be $5850; current  average gross rent income is $9800.A couple of notes:  Prop 1's income is on a schedule C, not E since income up to now has been from short-term rental (2-4 month occupancy). 

I am going to assume if I do make this transfer, the property will appear in both my Sch E and LP tax forms in the year this is performed.

Industrial properties are seeing positive numbers because of e-commerce, buildings are in high demand.

-NickA tip for this is that you and your father must both be able to be business partners, not exclusively father and son.

If anyone has any helpful tips or advice we would greatly appreciate it.

Any tips and advice would be extremely appreciated!

If anyone has encountered this situation or has any tips please let me know!

He charge a monthly fee for this client for bookkeeping as well as some aspects of property management, i.e. walking checks to the bank.Back before ObamaCare, I was paying $1,500/month family health insurance which I cannot easily deduct off my schedule E.

improvements, plans, permits, rent rolls, schedule e, T12, proof of deed, homestead address, mothers maiden, lol whatever you can get