I have entered into a partnership with a local investor in my hometown.

The actual individual who makes the decision on what to invest in..Referrals are appreciated

The properties also appreciate normally over time, so this property 10 years from now will show 10 years of depreciation on it lowering the value even more when in reality the value will most likely have appreciated greatly.I understand that the book value of the property is already entered and is standard, but it is failing miserably to give a true and accurate snapshot of the company's health.  

Many Investors are entering remotely into areas that are a better buy-in, with greater returns, than in some of the more highly saturated and pricey markets.

As Paul mentioned, you or your tax professional would enter your rental income and expenses on the Schedule E.

Individual investors?

We would have to send individual bills to each tenant after we calculate the cost from the bill (dollar per kw). 

Ideally, my list would meet the following criteria:Property built after 1980Last sale on or before 2014Property is 20,000 - 80,000 squarefeetBuilding is multi-tenant (vs single tenant)Owner of the building (or LLC) is an individual or couple in their 70's or olderMy question is primarily about finding the last 3 bullet points, ESPECIALLY the tenancy (multi vs single). 

As far as the individual expenses go (excluding utilities) I start with 8.34% or $187.65 (one month rent) for Vacancy. 

By either providing a great deal, or raising investor capital, bringing that value is a great way to enter this industry and eventually become that syndicator.Thank you all again.