How to reduce the maximum amount of income tax for a wealthy individual.

[Josh Dickson]

Hello all,

I've been flirting with real estate for a long time but due to my low earning potential, thus far I have never felt comfortable taking on the risk. My brother, however; is a lawyer and earns around 700k a year. We have both always been interested in forming some partnership in which I do the leg-work and he provides the finances. I have some ideas about how to do this so we both get the most benefit, but there's one part of this that I want to get some input on. 

Here's the question. If you were partnered with someone making 700k, what strategy would you use to reduce their income tax to the max? I personally am interested in creating a long-term rental portfolio but I'd be interested in hearing any strategy, ie. house flipping, short term rentals etc. How I benefit from the partnership doesn't really matter for this discussion. I'll figure that out after I pick a strategy. Thanks you all for your time!