No depreciation is being claimed.RentingFamilyMember has a few questions, which may be mutually exclusiuve:(1) Can RentingFamilyMember just quit filing Schedule E altogether and call this some sort of cost sharing arrangement? 

We could have been mutually beneficial to each other. 

Be sure to also tune in to the BiggerPockets podcast, you will find it beneficial to your learning.

We were thinking of trying to own a STR property, but again given the difficulty in meeting requirements, it doesn't seem likely to be beneficial at all. 

Saving for the down payment is essential, and looking into various financing options like FHA loans or conventional loans can be beneficial.

You need to have a mutual release clause for emd, the right to record the contract, the right to assign, and how to handle arears.

If the property is consistently requires expensive repairs, selling it and reinvesting in a less problematic property through a 1031 exchange could be more financially beneficial in the long run.Remember, each option has its pros and cons, and the best choice depends on your specific financial situation and long-term investment strategy. 

They emphasize research and education, which has been beneficial for us and those we've referred.During one of our visits and discussions with the building team, they mentioned their involvement in this space building dating back to the early '90s.

Ooh OohYou're making me nervous now hahaWe are looking forward to serving your vision Andrew.Thanks for being super prompt with our process and what is required to take the next step.Please keep in mind that Ohio Cashflow/our market and properties aren't for everyone so don't get disappointed if thing's don't work out and we mutually decide that taking the next step is not the right thing to do.To be honest, this tends to happen more often than the other way around but don't forget that even in those moments every decision is made with the investors best interests at heart.I'm super glad tho that you are considering Ohio Cashflow again after we initially connected almost 2 years.I've always said that "all good things take time" and what was once just a dream is now one of the most reputable and best branded turnkey companies in the country...

Out of curiosity what makes you feel the purchasing of your unit rather than continuing to lease is beneficial to you?