I know what the qualifications are to be a real estate professional, but I've read that an election may need to made so that I can treat all my rental activities as one activity so that my hours claimed are considered for all my properties versus needing to prove I spent enough hours for each individual property.  

This creates a taxable event for the individual leaving which they are planning on anyway. 

This is such an outstanding and detailed example of how to create value and generate cash while improving your own asset-truly humbling.

Successful individuals in the business of real estate (Donald Bren, Rick Caruso, Donald Trump) have fared better than investors.

We're both 26, by the time we're 35 I would like for us to have over 100 Units generating pure cash flow bringing in at least 60-80k/Month becoming financially free in our mid thirties!!!

Having things like premium access to docusign or automated form generation services is a force multiplier when shooting offers out. 

I just set up a lead generation squeeze page and ordered some business cards. 

I'm excited to find more deals and plan on wholesaling and flipping to generate cash to purchase rentals for more passive income!

.- Have not been able to find the right telemarketer to call the leads I'm currently generating.  

You and your other investors can avoid the 1065 filing requirement and just split income and expenses on your schedule E(s) for your individual return(s).You may have very good reasons for forming a partnership.