Hi Quinton, I'm currently building a software app to help easy manual and transparency issues with RUBs and offering smart device integration for submetered properties.

Having said that, I completely understand the value of having others to help build your business.

Building a solid foundation through networking is crucial for overcoming any obstacles that may arise.

Someone from the company should perform a site visit of the property to do a thorough analysis and ensure eligible components are identified accurately.Licensure and experience: The firm should have licensed tax specialists and engineers and this is recommended by the IRS.Experience with your specific type of property: Not every property is treated the same whether it be office buildings, self-storage, restaurants, gas stations, mobile home parks, residential properties, multi-family, or car washes.

My other question is can you please explain how to remove the building and depreciation reported under the individual tax return when transferring the property to be recorded under the partnership return?

I am trying to calculate a valuation - I'm breaking down building value, updates, equipment / inventory and working with seller currently on gathering numbers in regard to the business over the past 3 years to come up with a valuation.

I have onsite management, but I manage reservations and communications remotely (and I have a full time job, so I really need the software to keep me organized, not the other way around, haha!).  

Yes, Darren, it can apply to SFR, STR and small multi-families as well as major developments, manufacturing facilities, office buildings, medical buildings, etc.

These types of tenants often do this because they don't want to save in advance, so they take the rent owed to you and use it to put down on their next home.Recommend you do a better job of communicating to the tenants that you will pursue every legal collection option if they don't pay last month's rent.Also, why are tenants NOT staying with you?

We are 30 years old and just getting started on our adventure of building substantial side income over the next 10 years.