The two functions we use the most are rent collection and maintenance requests.

So, it will all be included on the partnership return and kicked out you (and your other partners) on the K1.Hope this helps.  

Also, if all the units have dishwashers that are functioning, why spend money and time to perform work that is not necessary? 

@Aaron RoggensackIf you are putting all of the properties into a series LLC or a Holding LLC with several single member LLCs the top level should file as a partnership to allow for maximum flexibility.

If you're going to be in a partnership vice a sole proprietorship then the property being owned as an LLC is easier.

The shower issue...over time the valves get hard water build up or the seals break down so the valve doesn't function at 100% anymore...... its in no way a water safety issue....annoying.... but not a threat to the safety of the unit...Microwave....gonna cost you more for a "$20 temporary one" and then having a tech look at the original and then replace the glass.... then just replacing it.

How do you guys structure the partnership so everyone gets their fair share?

Your success is also more a function of your execution as a landlord, you're not going to succeed or fail based on the overall market movement.Hope that helps, and best of luck!

Joint ventures/limited partnership/ whatever you want to call this are required to file partnership returns.

We currently use Guesty to manage our 60+ listings but are strongly considering switching away because it is to expensive and there are better ways provide the functionality that they provide.