Well, my professional background experience consist of 20+ years in the corporate world in the "Project Management" arena.

You need a tax professional to evaluate this situation because if you didn't set the rental up on a depreciation schedule the IRS has that "imputed" language that you may have to pay recaptured depreciation as if you've taken it even if you didn't.

Maybe this is the more formal or professional term to use.Is there a difference in the two terms.

Partnership or S-Corp is getting into details I leave up to paid professionals.2.

Try to keep it a bit professional if you expect these people to later invest with you.John Corey

BP is full of reliable REI professionals, with extensive backgrounds.

So the investor would get multiple bids from each subcontractor, pick the best based on all factors (price, reliability, professionalism et al.)

I am a proud cheerleader for professionals.

I can perform professional or better quality work in almost every field.

I used a professional intermediary.