Looking forward to the discussion! 

I look forward to continue to learn by engaging on the forum platform!

They moved in and within 24 hours sent the following letter (names have been changed): "Hi Dawn and Brian,Sindy and I are frustrated, disappointed, and really struggling with the idea of moving forward with the move into your home.We realize this is the first time you have rented a property to someone, and may not be aware of the responsibilities that landlords have, and want to inform you that there are habitability issues with the home that are quite literally against the law, pursuant to Colorado’s Warranty of Habitability Law, CRS §§ 38-12-501 et seq.

He has been alongside me on the other deals so I’d like to give him equity/skin in the game and I don’t know how else to do itQuote from @Basit Siddiqi: Getting a property with a partner / friend will not help you from getting hosed on taxes.I wouldn't move forward - You mentioned beng a high income earner so your hourly rate is very high.

Anyone with experience that can recommend a path forward?

You aren’t creating new deductions, you’re simply pulling them forward so you’ll have less deductions in the future.

Looking forward to learning from you all!

I’d appreciate insights on leveraging existing equity or optimizing cash deployment for portfolio growth.Looking forward to your thoughts.thanks

I look forward to connecting with like minded individuals and expanding my network within the real estate community!

Best of luck moving forward.