I’ve see all sorts of different loan structure types. 

.- I can't retain all the information from the books.

Hello all!

In CA:  I have a tenant who, all of a sudden is in a wheelchair. 

If not, I’d bet there was no partnership return.Assuming a 50/50 split, you should take half of all income, expenses and profit and report that on your return.

After all they are leasing the entire property as is so they are assuming that doing a build out isn't going to cost them anything more in rent.

The second series was just established at the beginning of January and after going through all the steps, FCB stated they weren’t comfortable with the series and did an exception for us the the first time.

If you brought your spouse and 2 kids with you, and you could argue all of your argue of your time on the trip was looking at real estate, and your personal business and activity circumstance defends being able to immediately deduct it and not treat it as a start up cost... likely 75% of much of the travel costs (airfare, food, etc) would be non-deductible. 

The biggest challenge I have right now is choosing a company to set up the homes they are all so expensive.

Thanks again for the insight and I'll keep all that in mind on my next analysis.