Even within my company it is recognized and I have moved forward as far as job title goes.

The multifamily investors are typically more experienced and recognize the fact that the market is hot and that there are plenty of buyers out there that will pay cash or qualify for a loan so why would they let someone take over for no money down?

With respects to taxes on this property (I apologize for my ignorance), do I recognize it as a primary residence for the four months we lived there and then recognize it as a rental property for the other three months, or will it always be considered a rental property from day one? 

Do something to get more experience in real estate so you can recognize deals.

Sounds like a real mess.An option would be to distribute a property in-kind and get it out of the confines of the plan, but then you would need a recognized trustee to do that as well.

I have about $50K equity in my current rental, that everyone recognizes should probably be sold.I know the 2% rule (rent should be 1-2% of total cost of home purchase), but I would love to know more about what works for you guys.

The new home builders have recognized that and they are flocking to the area.

He passed away, so now I need to learn to stand on my own 2 feet and recognize a good deal for myself. 

It sounds like you've recognized your personal skill gap, so identify those who have a strength in that area and utilize them to help you get caught up to where you feel comfortable.

What is common practice and what are the best ways to check the validity of a lender and protect oneself against scams?