You are missing my point on taxes.Scenario 1:  Your partner buys the house at the same time you put your cash in.  

You may want to get a CPA or a tax guy involved.

We were lucky to connect with an investor who was looking to sell.

A cost segregation study was performed on this apartment building in Knoxville, TN with a depreciable cost basis of $17,323,250.

I already have some equity in the property after doing a complete rehab but I don't want to diminish my returns selling it after one year, paying for commissions/closing costs.

I've only been in a week so far, I'm hoping there is a little more structure for new members than there seems to be at this point.  

Based on the prices, now seems like it's probably a pretty good time to buy in Galveston. 

Higher taxes rates can impact both your buying power and your passive income as an investor. 

This is a new strategy and platform, so any question is a good one so that everyone can best understand the process.

Here's a https://www.irs.gov/businesses/cost-segregation-audit-technique-guide-chapter-4-principal-elements-of-a-quality-cost-segregation-study-and-report to the IRS website noting specific items that are included in the cost segregation study report.