Do your best to separate your operating expenses in schedule E, but technically all those expenses you are increasing your basis by should be sepreciated over their useful lives.

I work full time as a Operations Manager and a semester away from college graduation, so I'm pretty busy and from what I read investing in real estate becomes a full-time job.Any advise would help, should I search for "multi-families" or "flips"?  

I'd be happy to discuss with you about my fund anytime, though I will say that we typically don't invest in one-off deals, but rather whole operating companies that have reached critical mass.  

Any advice on the following would be a huge help: - Fee Structure (Residential structure is 1 month rent for leasing, 8% management and $300 renewal - Operational items that may be different from residential.- Legal, risk management issues that may be different from residential.Thanks in advance for your help!!!

I chose Birmingham primarily through the turnkey operator I use.  

Is your business Operating as you want it to be ?

I'd try to contact some trade services that do large construction projects, but are more of a ma and pa based operation.

My goal is to move to Cincinnati in the spring of next year, where I'll be operating a small contracting company with a partner.  

San FranciscoI spoke with several brokers in the SF market and got the impression that SF operates differently than the rest of the Valley.

My understanding is that multi-family real estate with up to and including 4 units is valued the same way Single Family Residences are, using comparable properties in the neighborhood.For multifamily apartments with 5 units or more, use this formula: Income - expenses = Net Operating Income (NOI).