I would like to see your schedule of establishment fees, maintenance fees etc.

The payment schedule that retains your leverage will be in a good agreement, too, as mentioned above...

IMO, use guidelines (aka rules) that are rationally tied to profits or income.GRM (Gross Rent Multiplier) is an MFU term to understand the purchase price (but it's helpful on 1-4 and SFR units as well).Sum(all the monthly  rents) x 12 = Gross Scheduled Income.GSI - expenses = NOI. 

Deductions are those things you claim on Schedule A.If a 15% flat tax plan plan were enacted, then one of the loopholes that might be closed is the net passive loss allowance.  

You use the capital loss to offset $5K in capital gain from the sale of other capital assets on Schedule D.  

My schedule is two weeks on, one week off. 

I am scheduled to have my home inspector look at it Thursday, and he is a former house builder, but he will not be able to tell if all of it is up to code I'm sure.

We should schedule a time to chat.

In the year Prior to the passing of the partner whose will is being executed, the deceased partner's capital account, as stated in the schedule K had a large some of money which was not distributed to the partner during their lifetime prior to death.

First, your CPA will be able to tell you how everything should be broken down, and i am not a CPA,. but you are correct that the properties are filed with 1040E. i would try and split the costs between the properties if you can so that its all claimed there. otherwise you can claim them as business expenses, you do not have to have an llc. to claim them, you would be a self employed and a sole proprietor. register a business name with the state and the Fed, and you will file a schedule C for self employed. and i always give my CPA the gross amount i paid for everything, taxes paid don't get separated out