Quote from @Victor Yang: Hello all,I am looking to buy an apartment building.

If your friends have a rental they should hire a tax professional. 

It is a tax write off.

Real estate investing can be an effective way to build long-term wealth, and among the various strategies, one has gained significant popularity over the years: BRRRR.

The high property taxes takes out most of the profits. 

I'm also building a house with Delta.

@Eli JermanYes, you should hire a tax professional.

And you now have to file three tax returns:- partnership tax return- your individual tax return reporting 1/2 of the partnership losses- your partner's individual tax return reporting their 1/2 of the partnership lossesAnd while partnership return can be DIY-ed, it probably should not be.

Quote from @Chase Calhoun: Just wrapped up a build-to-rent project on Wilson Road, and I’m excited to share how it turned out!

There was a news reporter at the sale and they interviewed the high bidder, who admitted that they had not seen the property, but were certain that they would be building their family home there.