Investing with partner - Tax advantages

[Grant Baker]

Hello all, I have never invested with a partner before but looking at possibly doing it in the near future. I have lots of questions on how it would work, we agreed we would go 50/50 split all expenses. If we invest in a 2-4 unit property I would live in one unit and we would rent out the other units. We are both hoping to reduce our taxes this year as we paid a lot in taxes last year. How would this work with writing off depreciation for both of our taxes? Any other advice you may have for investing with partners I would love to hear!