Rhonda, how long have you been operating the short-term rentals in Sevierville? 

As of today, 1/7/19, the IRS is juuuuust operational enough to be starting into the backlog of 4506-T transcript requests. 

The investor I work for no longer wants to become an employing broker so I can hang it with him due to fees, required continuing education and the fact we simply can operate without.

It's completely dependent on negotiation -- between the operating partners and the capital partners.Typically what you'll find in similar situations is either an LLC or an LP taxed as a partnership with a strong operating agreement in place that spells out income/loss allocation. 

As such you should operate your business in a way that makes sense for scale. 

Our company will also be operating as a relocation real-estate service helping our many large corporation in the Seattle area find housing for their employees relocating to the area which will benefit both the property management and sales division. 

I also have reserve account to operate properties vs using flat percentage eat mo for items.

I decided to work as the manager for several months to really learn the day-to-day operations.

There are a lot more efficient cheaper operating systems on the market to choose from.

If you remain resident in Canada, in augmentation of Eamonn's advice, I would suggest you consult with a CPA - and possibly attorney - experienced with Canadian tax law and business organisation when holding foreign assets.Having your U.S.A. business (and assets/properties) be held and operated within a U.S.A. corporate entity will provide you with control over the repatriation of retained earnings.