I also believe this happens.

As for the rest of your 1099 income that you seek to use for real estate, I would suggest one of two things: 1) Put it in an index fund OR2) Put it in a savings account a bond index fundThe reason why I believe these are your two best options is that it sounds like you want to access this money in the short to medium term (within the next 5 years). 

Thanks -  I can't believe how difficult its been to get an answer out of the entire internet today. 

Some agents will tell me more than you would believe.

I believe this would be a "tenancy in common" situation but I am looking into ways to split the property as to have a clean deed/ title.Should I be looking into finding a title search company and a real estate lawyer to resolve this issue?

There is zero gas or oil running to the building and each unit is heated by a series of individually controlled baseboard electric heaters.Each unit is just under 1,200 square feet. 

If you are compliant with securities laws (your attorney is your best friend in these things), I know a few people in my home market that have had success with Facebook advertising, believe it or not.

I have a hard time believing just because I'm out of state and putting it into an LLC that the price would skyrocket like that.Does anyone have any experience, advice, or help they can lend?

It's worth about $300K where I believe I can get it around $120K based on comps.

@Daniel Rutledge,I believe the property taxes work a little differently than you describe.