I'm trying to determine the best way to structure this real estate deal with my father-in-law(FIL). 

Unless you want to be part of a lawsuit to determine the legalities of this you may prefer to not get involved.  

The purpose for this post is to get in touch with local investors, expand my real estate investing knowledge, and determine my next steps to becoming an investor.

Rental income).Your income can either be considered FDAP(Fixed Determinable Annual Periodic) or ECI(Effectively connected income).You also want to understand how having a US LLC will be taxed by Canada.

That would help me determine who should get what.

Below is the process I followed when I first moved to Las Vegas.After some consideration, I determined that the most important tenant pool characteristic for making money is that the tenant stays in the property for many years.

See how much you can get pre-approved for first.....that will help determine what you should look at.

You have to evaluate each objectively and determine which will work best for your goals, finances, time available, etc.

According to the IRS, you were supposed to have claimed the depreciation. 

I’ve a group of friends who would like to invest with me - somehow I was able to pitch my plan to them and they believe me because they see how determined I am and know that I’m a person who finishes what she has started, has a good work ethic, and will do whatever it takes to get work done.We would like to start by exploring the Delaware market and we were looking into LLCs.