New build means low maintenance but new properties aren't a low investment.

Currently, it is generating about $4,000 in monthly rent when fully occupied.These buildings needed a lot of work.

Undoing the mess via amendments, etc… always tends to be laborious and more expensive then getting these right the first time.Why are  CPAs seemingly not always in the room when GPs and their attorneys build out their RE Funds? 

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.

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.

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

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?