I was building spec duplex condos and when the market turned in 2008 I switched several of the units to this business model for survival.

First and foremost make sure this is a partner you are comfortable doing business with.

Point being, perhaps the roof work could be considered just a repair, and you write it off, and ignore my options 1 and 3.3) For a commercial property that is a "trade or business", you can take a 179 deduction on the new roof. 

It's not good business practice at all.

Our new CPA is getting confused and asking us to register Parent LLC in NC as foreign entity doing business and asking to get all our rents paid on Parent LLC instead of Child LLC.

I'm trying to turn this into a business for something that I can do every day. 

Business Auto, Equipment, office contents,...The above is especially important if you take on management of any properties you do not own.

He teaches you how to automate almost every part of the real estate investment business .

@Matt Pine no one's perfect, so occasional hiccups are part of the business - contingent on the acceptance of liability and reasonable attempts to cure.Not sure why they installed 2" blinds unless this is a higher end property.

Pro-business states tend to give incentives for hyper business growth and want to make the process as easy as possible.