I was thinking about letting my kids live here and doing my normal routine here, letting them remain in school here, and just going "home" 4-5 nights a week and coming back before they wake up.

Pretty standard apartment inside and out.Rent in the area according to rentometer for single beds is $640 so it's on the low side and with the old original appliances and cabinets and stuff, has upside potential.I was thinking of offering 380k to start and subject to financing, with inspection contingency, request a schedule e (he showed us numbers from his accounting software already but to be safe of course,) and estoppel certifs.Income 52kExp 14kNOI 58k~Rents- 525-575My broker said he'd go 390k max but he said he thinks it would be a good buy to hold for cashflow and rehab units for higher rent. 

The property is scheduled for auction in late April however I intend to get it paid off and under contract before the auction.

This will enable you to set the heating and cooling in your home so it works in conjunction with your schedule and you won’t have to make the adjustment on your own.

Most Professional Property Managers do everything; collect rent, schedule maintenance, pay taxes, pay mortgages & HOA dues, process security deposit claims, marketing , leasing , on call 24/7, handle landlord-tenant conflict.

My work/kids schedule usually restricts my in attendance but yes they are great.

I spent an hour with a CPA who was able to give me good advise but unable to comment on correctness with out spending many hours feeding my data into their own software.In 2017 I plan a 1031 exchange into DST's which I anticipate several Schedule E's and supplied Cost Segregation Analysis information with multiple depreciation schedules starting each tax year.Anyone with experience with these issues?

Would they need to report the entity's income in their individual Schedule C or form 1065 (partnership return)?

In the spring, we get the city/county taxes, and the school taxes come in the fall.Looking at your schedule, #1and 2 from 2016 are Probably county/city taxes, and 3 &4 are school taxes.

So were they scheduled to move in April 1,, how long did you wait to process their checks.. did they put stop payment on them?