Undoing the mess via amendments, etc… always tends to be laborious and more expensive then getting these right the first time.Why are  CPAs seemingly not always in the room when GPs and their attorneys build out their RE Funds? 

Hi Quinton, I'm currently building a software app to help easy manual and transparency issues with RUBs and offering smart device integration for submetered properties.

I'm currently an investment agent and in a position financially where I'm ready to start with my first investment property.

Building on what he said, if you are having trouble tapping in, and want to explore other options to maximize return, please feel free to reach out.

It was going to be a new build.

My Glamping venture has taught me this.  2)  Buy quality assets at below replacement cost.  3) Be Patient, and never extend yourself too much.  4) Assume the market will catch up, and be ready to zig when others zag.  

Would love to learn about pain points from other property managers.So I have a career background working in software and am currently applying simply builds to common monthly tasks such as sending, receiving, and logging payments for rents.

Having said that, I completely understand the value of having others to help build your business.

Someone from the company should perform a site visit of the property to do a thorough analysis and ensure eligible components are identified accurately.Licensure and experience: The firm should have licensed tax specialists and engineers and this is recommended by the IRS.Experience with your specific type of property: Not every property is treated the same whether it be office buildings, self-storage, restaurants, gas stations, mobile home parks, residential properties, multi-family, or car washes.

My other question is can you please explain how to remove the building and depreciation reported under the individual tax return when transferring the property to be recorded under the partnership return?