Buy in a desirable area, near the metro if possible so it would be easier 1. to market it, get many applicants and have more choices to select a good tenant. 2.) ideally get more professionals/steady income renting who will hopefully give you less headaches.

Everything comes up and appears correct in the message (names are highlighted appropriately and selecting from the pop up box), but it does not transfer over to the thread correctly.

Plus, most 9 states have no franchise or corp tax for general partnerships unless you make an S election.

Continuing to convert, at 95% done could take extensive additional time. 

If you're going to be super active and buying and sell a dozen a year or more and renting a dozen or two a year and doing leases and extensions and marketing....maybe then it might make sense to me.  

We also have a maintenance manager who manages in house maintenance techs, third party vendors, as well as conducts extensive (100+ point checklists, monthly/quarterly etc). 

It was quite extensive.  

He's also agreed to a 3rd extension. 

I would suggest identify a few markets that meet your criteria and then seek out the tk providers in those markets, narrow them down and then make your selection . 

The partner needs a way to control his risk if the rehabber doesn't perform.Another is...rehabber might select the realtor and sales price, but the realtor sucks or the rehabber is being unrealistic on price the house sits on the market.