I just wanted to quickly run this by some of the more tax-adept members.I am looking at investing in a property management partnership in Australia, while living in the US.

Start on the ground floor and learn your way up, you can't learn much getting off on the 10th floor listening to someone who has a vested interest in you and some transaction.Things to look out for:Buying or selling with or without recourse, buying a note without assurances from the seller as to compliance in the note as well as the collateral.Pooled investments, these can get into security violations. business partnerships in buying and selling notes can get into licensing issues.

You want an account for each partnership, each LLC, and escrows required.

The partnerships are secured by real estate that was purchased at below-market prices to protect the investor.

It should be a partnership as there will be no SE taxes to deal with and you will only be subject to Ordinary tax rates.

Here is what we use on a daily basis:VFlyer (advertise rentals)CraigsListBuildium (manager rentals)QuickBooks Online (accounting)Evernote (keep track of to do list and important info)Google Docs (keep track of partnerships)Excel (project tracking, flip calculator)Toktumi (landlord calls)We switched from QuickBooks Pro to QuickBooks Online because it let's us track multiple entities in one file (using the Businesses module).

As far as your question, if one of the 4 partners wants to do an exchange, we would need to have the partnership deed out that partners undivided interest so that the exchanging partner becomes a tenant-in-common with the non-exchanging partnership.

Or they can put together their own partnership or syndication.

The financing portion of the partnership is under control and we're consulting a lawyer on how to take title and the JV agreement, I was hoping a few knowledgeable souls would chime in and let me know how they've accomplished this in the past to ensure we're on the right track.

This complicates things only slightly as depreciation needs to be kept track of for the Traditionals since there is tax implications when withdrawals happen some day, and there are not with the ROTH SDIRA since no taxes are due upon withdrawal.One of the main reasons we did a 3 way partnership is that we all knew we wanted to have more than one rental as opportunities presented themselves, and felt our joint funds could better accomplish this.