I have a Bachelor's degree in finance and a Master's degree in business administration from the University of South Dakota.I have some real estate experience in the Vermillion, SD as I lived in multiple rental properties as a student at USD and I've owned a rental property there for a year and a half.

Franklin said that he was going to provide me funding as long as I paid the $1,165.00 administrative and appraisal fee. 3 weeks later all smoke and mirrors and nothing was done, nothing but stall tactics.

May dad has given me full control of handling all of the investment going forward and would just like to act as a silent partner, receiving some minimal returns on his portion of the investment but does not want to worry about the day to day operations or even purchasing or selling decisions.So my question is -- what are some good options to structure the partnership that allows us to meet the terms of the 1031 exchange by keeping the purchased properties in the name of my dad's trust, allows me administrative control over activities regarding the property with minimal effort from my dad in terms of paperwork, etc. and that allows a good way to disperse and reinvest shares of the profits. 

Increased drug/crime activity.or the owners could just be tired of dealing with being a city landlord. 

I am more interested in the administrative aspects of property management, such as bookkeeping and financials.(2) Efficiency of Property Management:While I am capable of managing the property myself, I am questioning whether it would be the most efficient option.

I doubt anything will move forward given the current make up of Congress, and the Biden Administration is not likely to approve anything that resembles a tax reduction.

(b) Whenever any money is required to be deposited in an interest-bearing escrow savings account, in accordance with section 511.1, then the lessor shall be entitled to receive as administrative expenses, a sum equivalent to one per cent per annum upon the security money so deposited, which shall be in lieu of all other administrative and custodial expenses.

Of course the more complex you structure the partnership arrangement the greater the potential for additional governance, administrative and reporting complexities and issues (tax and non-tax). 3) Having said that, I would think that if you plan to go beyond very basic agreement construction you might want to seek professional input/advice.

Wear a good quality full face mask (rat droppings, drugs, mold etc) and chuck it all. 

I would consult with both an attorney and accountant, since setting up an LLC can sometimes create real tax implications for you.Here are downsides to an LLC:- Increased borrowing cost- Increased administrative burden- Increased setup costs- Increased banking costs, with higher minimum account balances- Increased insurance costsAdditionally, an LLC is not always going to keep you anonymous.