I have owned it for a very long time and had depreciated most of the original purchase price. 

Thank you for your time and patience!

Yet, they were asking questions as if they didn’t have them..for a long time.

However, I cannot be signed into both her account and my own VRBO for my 2 properties at the same time.

While I don’t know their program or them, I’ve yet to see a mentorship program that cuts the time necessary to obtain the knowledge required; that has a monopoly on any tactic, strategy or technique that’s not common knowledge; and or that provides any ongoing “help” that’s anything but “basic”.If you’re not well versed in principles, finance, and law, either read books on these, attend college classes, or take a course(s) leading to real estate broker (salesman) licensure.  

Since this will be our first long distance investment it feels like we're starting brand new and would love advice for first time long distance investors.

Any guidance would be most appreciated, so we can be better prepared for our tax returns next year.Thanks so much for your time !

That was the right move for us at the time, but let me tell you, boy oh boy does it hurt every time I realize i sold a 3 bed 2.5bath home in dublin schools that I bought for under $200K...its the one that got away and honestly will haunt me forever...or until i go back and get it again...but seriously find a way to keep that thing fo the long term especially with that rate. 

This requires careful structuring and compliance with IRS rules.Installment Sales or Buyouts – Instead of distributing properties outright, investors can sell or buy out their respective shares over time, spreading out tax liability and reducing immediate capital gains impact.LLC Restructuring (State-Specific) – Converting the corporation into an LLC taxed as a partnership may allow for a more tax-efficient asset distribution.

They preach that its not about the Real Estate yet there is alot of time spent on the real estate itself.