Furthmore, if this investment property is ever audited it will look as if I'm hiding income..

Make sure to consult with your CPA about which hours can be used before starting your hours log.Here are the indicators that put you at risk of an Audit that the IRS looks at with this strategy::(Source)Real Estate ProfessionalIf you don’t have the ability to invest these kinds of hours into a property, you can become a Real Estate Professional under the tax code, or have a wife or husband become a Real Estate Professional, which then will turn your Passive Losses into Active Losses on your real estate.To become a Real Estate Professional, you need to have:(Source)As long as you work 750 hours in real estate (14.42 hours a week excluding vacation), AND half your time is spent on real estate activities (so you could still do other work for 12-13 hours a week), you can qualify as a Real Estate Professional.

Crew Enterprises no longer can pay our distributions and Brian wants to do an audit before he resumes distributions.

Is it a reputable company and will the documentation provided from the study hold up in an audit?

If renovations are anticipated, this window allows time to bring in contractors to provide estimates based on current conditions.Financial due diligence is equally important and should involve a thorough audit of the rent roll, lease agreements, and operating statements such as the trailing 12-month (T12) income and expense report.

For sure, at some point, but it would need to be audited, just like any AI currently needs to be, because this isprobably the most important task of any landlord - How would it spot scams and other crazy stuff tenants try to pull?

Use of Public Testimonies: Norada Capital Management uses past, satisfied investors, not audited financials or any evidence that corroborates their business model is a tactic used by all of us who sadly were running Ponzi schemes.10.

An LLC or Corporation will have a bank account in their name, and commingling funds, which can lead to IRS audit problems, should not be a problem. 

That would not be supported in an audit.

Having an LLC as a partnership instead of running the business as a sole prop allows you to maximize tax deductions and lower audit risks.