I checked out the app for you.

Then ask them what your options are to reduce payments in the future.

There are accountants who say that applies to the opportunity to discount sale and/or basis shift to further lower the tax bill.  

I'm have been asked to enter into a partnership with an experienced investor, and I'm not sure how to or the best way to structure a partnership.

At a minimum,  you should understand what the current zoning is and what restrictions there are.As the post above mentioned reaching out or going in person to speak with the planning and zoning department will be very helpful. 

(Imagine the entire value of your property being just the 20-25% downpayment on a 4-5x larger property and the resulting depreciation.) 

Purchase price: $1,485,000 Beautiful estate-like property in the Redwood forest above Santa Cruz CA.

Over the last year, we noticed a few key trends worth highlighting:Market Recovery Signs:Loan volumes reached $539 billion in 2024, up 26% year-over-year.

Hopefully, I would increase the value of the property in 1-2 years and be able to refi out of the FHA mortgage.

This allows me to seed the property for 6-12month, then refi, and pay the full amount of the HELCO back in one payment.