Is a rental SFR owned by a partnership a "qualified trade/business" ?

[aysoref]

Newbie question... may have been answered already, if so kindly point me to that info.

My pass-through partnership/LLC owns few rental SFRs. A local property manager does all the work but I review / approve tenant applications, review / approve monthly repair needs, monthly financial summaries, etc.

While preparing the LLC's 1065, each property has its own form 8825 and associated form 199A. 

- Is it correct to mark each property's 199A as "qualified trade/business" ?

- How does the Yes and how does the No affect the overall partner's taxes on their own 1040 ?

[Anonymous_]

See https://www.irs.gov/newsroom/irs-finalizes-safe-harbor-to-allow-rental-real-estate-to-qualify-as-a-b...