As I understand it 100% deduction on expenses that are soley related to the business or the rented unit, 50% deduction on expenses that relate to the general property as a whole ( mortgage interest, insurance premiums, common area repair expenses).

If you can own the property and pay a similar amount for a similar lifestyle, it's probably a good decision (assuming you can afford it if it doesn't go perfectly, needs repairs, etc.)With house hacking the rule of thumb is: The more uncomfortable you're willing to live, the better the numbers will be.

I recently obtained a couple of quotes for foundation repair on one of my rental properties.

If a fish tank is in an upstairs apartment, a leak would cause damage to the downstairs apartment and double your repair costs (or more).

Pretty much you buy a property, then quickly sell it to another buyer without making any significant improvements or repairs.

Repairing well $16000.

So the property I bought had previous termite damage and we are having it repaired and treated however.

Not to mention, they also snipped all of the wiring in the basement of the home running all over the house, so there is also major electrical repairs needed. 

There has to be an account in the middle for repairs, renovations, etc. and you want to know how that will be disbursed and if you need a workflow between you.If you decide to do it, just start small with an asset that is as close to can't lose as possible so you can fine-tune your collective process.

You also have PM, repairs, vacancy, and capex on rental property.