After 10 years:OZ is worth $110,462 at 1%/yearNon-OZ is worth $134,391 at 3%/yearLet's say you ended up falling in the 15% bracket:OZ profit is $10,462Non-OZ profit is $29,232 after taxes.And don't forget under current tax law you don't pay CG on the first $38k anyway ($77k if filing jointly). 

My friend and I are starting a joint venture in Pigeon Forge, Tennessee.

Here is an article I would encourage you to read on Joint Ventures.Option 1: Traditional LLCFor this situation I would recommend setting up a regular LLC for this property.

Tenants in Common, Joint Tenants, Self, LLC, Corporation? 

.* i have 3 small kids* recently injured my knee and on crutches and property is a 25 min drive away.Things are getting overwhelming and im ready to sell.

Lots of times people will make knee-jerk reactions to debt - "Sell everything!"

So I am a joint owner of a rental property with my siblings that we inherited when our mother passed.

He also has one on Joint Ventures and Tax Tips.

There are raises planned for next year but those might be softer - we will seeAnd just as I thought, there was a knee jerk reaction, which is evident in the stock market today.

Also, personal property used to furnish lodging may now be eligible where it wasn't in previous years.Keep in mind, if you're income is near 315k joint or 157k single, it may be a good idea to HOLD OFF on a full Section 179 depreciation of property up front and rather extend it over a number of years to take advantage of the 20% qualified business income deduction of pass through businesses in multiple years rather than just one.Obviously the details are a little more complicated, but this is a strategy that can save you tens of thousands of dollars not only in 2019, but the years following if done right.Best of luck!