Rents for the 4 “units” are 1300, 550 (discount to the downstairs shop owner), 700 and 950 respectively. 3500 total monthly gross. 8k yearly tax/ins.

I will be respectful of your time - I'm just trying to educate myself quickly and efficiently so I can soon pivot from education to action.

In order to determine if your property is eligible and ensure your assets are assigned to their respective recovery periods, a cost segregation study is needed.A cost segregation study is a strategic tax planning tool that separates the assets that have a shorter useful life and can be depreciated over 5, 7 and 15 years from the residential rental property or nonresidential real property that are depreciated over 27.5 and 39 years, respectively.

Respectfully, 

When you treat others with love and respect, it comes right back to you, no matter how experienced you are.

Courts will make declaratory judgments on either side... they will move before their respective circuits resulting in a split which will find itself to the Supreme Court in 3-5 years.I believe the reasoning is quite sound, but that doesn't mean the 9th Circuit will rule the same way.

I am saying that when renters are aware of who actually owns the home, they respect their lease.

You would purchase an undivided interest and legally be a fractional owner of the real estate (This is similar in some respects to a REIT, but differs in important ways).

Being respectful open honest and firm is a good place to start.

In regards to numbers, I currently plan on renting each unit for possibly 1000-1200 and 800-1000$ respectively.