I have been using land lord locks, and have been fairly happy with that system as I have a master key to the building.

The IRS pretty much works in a "good faith" system essentially beleiving what you indicate on your return is accurate(you are signing that it is so).There is a possibility that you may be audited.

An example would be to utilize a limited partnership to restrict the control that the financiers (limited partners) have.

@Samantha Reeves I not an attorney but you don't own or control the pool, nor are your responsible for the maintenance or rules on the pool.

Risk is they refuse to comply with rent increases etc. placing them in control of your community.

You cannot specify the value of your brokerage account in the shares because such a system doesn't accept money turnover.

It is at a cost of $40.For Tenant, if they are interested in signing a lease: 1.Fill out preliminary application.2.Verify application for 3 times monthly rent income, pay stubs, no felony, no evictions, at least 1 year on job.3.Query all adult names in state Courts Online system.4.Query Facebook.5.Query County Assessor page for properties in their name (foreclosure?)

But a reverse exchange sort of makes that work.In a reverse exchange the QI for the 1031 forms a holding entity called the EAT and purchases the new properties and holds them in title while you control them and operate them until you sell your old property. 

Plus the online system they use always alerts you of work orders that have been submitted, so you’re always in the loop.

LA is an appreciation market so you can buy in up and coming areas, buy out rent controlled tenants, and take units to market prices.