@Rodney Marcantel well, that is true.  

Here's a handy timeline chart that I used yesterday in a post to show where an expense should be allocated depending on where you are in the process.There are a few other caveats regarding business trip deductions and start up expenses that you will want to talk to your tax professional about as well. 

I'm sure we will need to speak with a tax professional about the best way to structure this to benefit the both of us.

Hello everyone,I am in search of a strategy that will allow me to use my current network of professionals who are directly related to RE investing.

True.  

There's this sense of personal relationships there vs when a true management company is managing.

I am not a broker, lawyer, or professional giving legal advise, but from experience if you place that new property into an existing LLC and somebody sues that existing LLC for something that doesn't even have to do with the new property that new property could be part of that legal action as well.

Getting it professionally inspected is a must!

They are a true non-resident visa holder.

My home was one of the last to actually get a true 2 family C of O our of hundreds of homes in the developmentI was told in the beginning to NOT rent the apartment out because it can be a liability if the tenant finds out that there is no C of O, and then I can get in trouble if they report it.