In addition, limited partners unlike the general partner are not personally liable for acts committed by the general partner unless they participate in management decisions.Tax Consequences of a Limited Partnership.A limited partnership is also treated as a "flow through entity" for tax purposes.

I have done that on purpose.

If you use property for business or investment purposes and for personal purposes, you can deduct depreciation based only on the business or investment use....

Buck,Normally, 4 units is considered residential for lending purposes and 5 or more units is commercial.

I'm not going to a bank for the money so I don't need an appraisal for that purpose but I decided I'd like to get an appraisal just to see how a bank might look at it when I go to sell.I hired this company I have worked with before and had been satisfied with in the past.

So providing notes or videos would sort of defeat the purpose.

I have never sold a home before that would be suitable for investment purposes, so I appreciate all the feedback.

If you own the properties in your personal name, you might consider opening a separate account than your personal account for rental property purposes.

Investing isn't a job, it's saving for a purpose.

Also, we have a separate bank for our down payment savings account and purposely did not link it with our main bank accounts as we found it's easier to grow your money when it's not so easy to access it.