Obviously, the proposed tax plan is changing moment to moment and the final version -- if it passes -- is what matters.

Are other Massachusetts landlord's aware of proposed changes to the state sanitary code?   

Having said that do any of you have any feedback on the proposed equity split?

Also what you are proposing is not a "full reno" but more like a basement finish with some modifications.

I am sure what I am proposing is legal. 

@Dave Foster - in the proposed situation he will be deeded interest in the upleg, and the LP will be with him as a TIC. 

Anyway they have proposed a continuing education package that is 25k but me and my coworker can split it. just got into investing earlier this year and have only done one deal which was a flip and I profited a great sum from it.

Since the post, my client has agreed to let someone fund the entire deal and is flexible to hear other proposed terms. 

(Lots of folks like to point out the tax deduction but ignore the fact that the only useful part of that deduction is the amount that exceeds what you'd otherwise be able to deduct.)You can (as of this writing) deduct the property taxes as well, but the recently proposed tax reform bills may affect the amount of both mortgage interest and property taxes you can deduct.

I have never had a VC Success Story, but in our early days we saw no shortage of meetings and proposals sent out.