We are open to a variety of collaboration methods and I can help you navigate this unique niche in terms of education and networking.

Every situation is definitely unique.

I am always thinking of ways I can run my rental business that is unique and deeply impactful for my tenants.

@Kevin RoyYou have a very unique scenario.When you convert a personal residence to a rental property, you depreciate the property based on the FMV at the date of converting it to a rental property.You are also required to take depreciation...which you did not do.

Also, it’s a unique property because there aren’t many 4-unit apartment buildings.

My domain is unique.

After they move out, we would both manage the property and treat it as a buy-and-hold.My question is regarding the actual division of ownership of the property. 

@Cassie Jones  Just my 2 cents on this, but try and focus on the comps that are in the same residential sub-division if you can, and of course those that are the most recent.   

I have some brokerage and property management experience but I’d bring folks in to head up each division.

The Division of Real Estate is seeing an uptick in cases involving two types of cases involving long-term home ownership: Wholesaling/Assigning Transactions and Distressed Rescue Transactions.Wholesaling/Assigning TransactionsInvestors and real estate brokers are targeting people with home ownership of over 20 years.