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@RobertB4444   Thank you for the response.  

Qs 1: I did call and talk to the GP for the partnership yesterday and they did confirm that the reason we received two K-1s WAS due to our two different investment levels in this particular partnership. 

Qs2: Thank you for confirmation

Qs 3: Thank you again

Qs 4: The two properties the partnership has invested in are multi-family residential apartment dwellings and none of the options in the Turbotax screen apply (Gas, coal etc.). So we left this screen blank in Turbotax and it did not show any errors during federal and final reviews.

Qs 5: Thank you again for this confirmation as well.