He'd need to be a real estate professional and materially participate in the ministorage business to make real estate losses nonpassive.I've never heard a CPA distinguish between REPS status and REPS without active participation. 

A plethora of legislative acts, court decisions and Service rulings have produced complex and often conflicting guidance with respect to property qualifying for ITC, resulting in no bright-line tests for distinguishing § 1245 property from § 1250 property.

I would place tenants there that know each other so I do not think that splitting utilities will be an issue but how do I distinguish the spaces on the language of the lease when they have the same address?

To assess the risk, the lender will likely require a clear description of the property’s zoning, intended use, and legal structure.As for condominization, it can be one mechanism to distinguish ownership between the two buildings if you want to sell the properties separately in the future.

This further distinguishes your LLC as separate from you.

What metrics the VAs are judging upon if a lead is worth tackling (distinguishing a bluffer or a window shopper from real seller takes some skills)?

Otherwise, you’ll never be able to distinguish between a “good” buy, a “mediocre” buy, and a disaster.  

If you can't distinguish between someone mentioning what an analyst has predicted vs what the guy bringing it to your attention believes, relax, have a glass of wine and call me in the morning. 

Since there are so many, you need to distinguish your place from the other 120 listed.

This particular store is a "plus" selling beer and wine so there is a distinguishing factor plus this store is only a few years old and the building is over 12,000 SF.