And prepare for longevity.

It seems to me reasonable to declare myself a real estate professional this year, and in preparation I have been documenting my hours through a tracker with supporting emails, photos, etc.

The floor plan would entail 4 rooms and a shared living space (per floor) for the basement and the main floor and possibly two larger higher rent rooms on the third floor (w/ their own living space as well).Also, would each bedroom I rent out be considered a dwelling unit or would that be dictated by shared living spaces (one per floor)?

The IRS does not have the burden of proof that it is.I always advise my landlord clients to prepare them, unless they're fine with the risk of penalties.

But if your cleaner is going to clean every week (just an example), it just seems excessive for the cleaner to be preparing so many invoices.

Tracy, you are running a business without proper preparation. 

Just be prepared to lose it all if the market turns, the municipality changes the rules or the owner decides to do it themselves.

I'm preparing to syndicate my first deal 20+ units in Ohio, Kentucky, or Illinois.The plan is to get to 100+ unit syndications but I'd like to do a smaller syndication first before I go big.I'd love to connect!

As a landlord and income tax preparer I am glad to help.

-With a 2-3 unit property, there is going to be more maintenance than with say a condo, are you prepared for that?