Hey Tim,Just call the NY agency that handles the licenses and ask them.

All of the government agencies and professions are "partners" to a long term professional.Good Luck!

Thanks for feedback and sorry if the post lacked details.

I agree with Dion, I'd not enter into a JV with others, your entire operation could be at risk arising from a few bad apples and in the wholesale, most lack experience and knowledge, if they were more "on top" of RE, they wouldn't be wholesaling deals but buying and selling and doing retail transactions to obtain a higher prices and profits.

You mentioned the lack of watering the foundation by your tenants in the original post.

I have secured the listing agreement from the gentleman (lacking a starting selling price), but he and I would not like to put it on the market until we get some things figured out (like my current question).

But clearly there needs to be some third party oversight of these portals, similar to the rating agencies.  

You know what is lacking now....close on it, get the inspection and occupancy permit after you do the repairs.

However, I am guessing that you aren't really bemoaning the lack of definitive guidance on how to calculate depreciation, but rather, the lack of guidance on how to properly determine the tax basis of the property to be depreciated.The IRS is fairly quiet on this point.

Doing so will change the way you think and communicate, which will make you more attractive to those who have the pieces you currently lack.