Is my understanding correct that each of our share of income and expenses should be reported on our own Schedule E forms?

Read the reports and the many pages of explanations.

Nice work, congrats.I see a quick property search reveals it as a 2/1 yet it is listed everywhere as a 4/4.  

Unfortunately, this couple owns their unit – so it is not a renter I can report to another owner – AND he manages this small building of 12 units.

An unsecured credit line option can be used to purchase, rehab, and flip real estate, allowing you to leverage resources to do more deals, and increase your bottom line on each and every property.There are source of funds in the market place that our experts have established relationships by auditing banks and compiling a list of those whom lend to businesses without reporting the business owners or investor’s personal credit!

In fact I've already seen your sample report for Orlando.

I am a former writer and reporter for the California Real Estate Journal with a BA in Political Science from U.C.

If you're serious about the property it's worth $50 or so to have a title company run a "search & hold" report to make sure.I looked on NOLO and there are three different possible post-sale redemption periods in SD.

A title company will be able to run a report for you for a few dollars.

Kudo's to the reporter for identifying to tenants.