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With good PMs (Knock on Wood) there really isn't much that needs to be done by me other than Federal and State tax reporting, and I can handle that fairly easily (was once a CPA in  a couple of larger tax practices).

https://www.chicagotribune.com/news/local/politics/ct-met-housing-ordinance-arrest-record-20190425-story.htmlhttps://www.chicagobusiness.com/commercial-real-estate/apartment-landlords-gripe-over-cook-county-housing-discrimination-proposalSo this was rammed on through the county board today here in Cook County Illinois (Chicago).

Is there a schedule for reporting, distributions, tax documents, etc.?

I Have Great News.

It is a county ditch issue that we've already reported. 

I use QuickBooks Online and can produce that and many other reports at a moment’s notice (second important one is profit and loss).

Also if that someone does miss something that's discovered during an audit, they get fined and not me (obviously a pattern will result in a severed relationship, so I keep everything compliant to the best of my ability so that final QC/compliance package is a slow ball I'm pitching their way that they can knock out of the park).it only works if your like me a commercial ONLY mortgage bankers who is not doing all the CFPB stuff.. we just have to do a quartly mortgage call report on NMLS which is pretty basic I know this because even I can do it.. at least with the help of the help line.

Both of our names will be in the title so I'm wondering who will claim the rental income/expense or if we sell it later on who will report the sale in the tax return?

I originally thought I have 7 slots left because the 6 properties are in an LLC and the loans on them don't show up in my credit report.