@Connor Long, I’d love to meet up with you for lunch at LongDogger’s and answer some of your questions.  

Hey BP community 👋
I spent the last several years running acquisitions for a single family rental fund that purchased and owned 10,000+ homes across 20+ U.S. markets, representing more than 2 billion dollars in real ...

Let’s do some Trivia Time!

Between those two calculators you would have answers to your questions 1, 2 and 4.

You would be better off asking this question on the Tax forum where several tax accountants, including myself, answer tax questions: https://www.biggerpockets.com/forums/51-tax-legal-issues-con...Short answer is that you (your LLC, to be more specific) will need to issue your relatives form 1099-MISC, and they - rather than you - will owe taxes on their portion of the profit.

wouldn't they be losing customers by not even answering?

Short answer:  it is baked into the business model.Long answer:It seems you may be overly concerned on the transitory nature of apartment renters versus single family renters. 

Well explained @Alan Asriants1031 is the obvious answer.

Bryce, you're asking this question on the tax forum where over 20 of us, nationwide tax experts, answer tax questions.

Most PM's do not answer the phone because they are terrible.