Cash Partnership 50/50 on both the purchase and repairs.

This deal highlights the power of well-executed renovations and a strong partnership in achieving impressive profits.

As a general rule, each entity that files a separate tax return (partnership, s-corp, c-corp, etc) will need its own QBO subscription.

I have heard though that most lenders don't mind this as long as it is not changing the ultimate owners on the property - such as a partnership where one person sells to the other.

Building these partnerships has not only helped fill our homes but also created long-term stability in our business model. 

I have lots of experience in all types of single-family investing, small partnerships in multifamily and commercial, and a vast knowledge of construction.

Beyond that, networking with other investors in the mobile home park space could open up some doors for partnerships or additional funding ideas.

It's a great partnership.

@Jessie Dillon, within your partnership, would you break down your fees and waterfall in your JV deals?  

This can help reduce risk and volatility by preventing overexposure to a single asset class. 1031 is only for investment property.7) Deprecation Schedule resets when the property is purchased in partnership with a DST.