The way I understand it is that I will have to file a Form 1065 with the IRS and issue K-1s to my sister and I so we can both transfer that information when filing our individual taxes (I presume that information will go in our schedule E). 

That said, there are a number of no income verification products on the market that don't require 2 year's of tax returns for self employed and even allow short seasoning. 

I hired Alex Lozano of Winter Accountancy to do my taxes which included rental property schedule E; he specializes in Real Estate accountancy.  

Some contracts have liquidated damages, bonding requirements, etc.

Good effort @Dan Handford  sounds a fun and productive day of work.

2) Whether or not advertising on my own website constitutes a general solicitation to the public for a securities offering.3) Whether or not I need to be registered as a broker-dealer for providing investment advice with respect to recommending the purchase or sale of securities.I absolutely plan to consult my attorney on these questions but I’m also looking for some experience based answers and a place to look some of these things up in black and white in order to have a more productive and informed discussion with my attorney.Thank you everyone!

For a 1031 It is important that your intent in purchasing the new property be to hold for productive use like @Natalie Kolodij said. 

We are living during the Cambrian explosion of “push a button” products and services.

Also you'll have K-1 pickups on your 1040 rather than schedule E/schedule C (always a better move). 

Also do you still do the PM yourself or you e hired a company?