So, you should really reread their advice several times, then do your own research to fully understand their advice:)Don't let our responses dissuade you & your friend from investing, rather use their warnings to adjust your course of actions.You can probably find many examples of Partnership Agreements online.

I offer them a cash down payment so they get a lump sum up front, and educate them on the tax benefits to them of taking the rest of their money over time.  

What a lot of people think:Bonus depreciation is only for new properties or acquisitions.The truth:You can retroactively apply bonus depreciation to property placed in service after September 27, 2017, when the Tax Cuts and Jobs Act passed changing various rules.The IRS allows you to claim missed depreciation deductions by adjusting your current year's tax return, without needing to amend the previous year's returns.This is typically done through a change in accounting method using IRS Form 3115.

As interest rates climb, how are Texas buyers adjusting their strategies to secure property?

It sounds like any lifting and/or adjusting to beams would be expensive.

For example, understanding how to leverage the tax benefits of owning rental properties can significantly impact your bottom line.Educational Focus: Your business focus on educating others about homeownership is not only commendable but also a strong marketing tool.

My intention was to minimize my reported taxable income after taking expenses against the earnings through the LLC.I don't see how this would benefit you tax wise.In fact, I would be concerned that by mixing personal business (rental property in your name) with the LLC that you could basically nullify the liability protection the LLC offers  allowing anyone who sues you to pierce your corporate veil because of this co-mingling. 

She’s just a good person, period, and anyone she works with will benefit from her expertise.If you’re considering investing in Cleveland or need help with an out-of-state property, do yourself a favor and contact Melissa.

Did you hire a public insurance adjuster?

If you pull out 500k, and invest in a deal that will generate tax benefits, future appreciation, cash flow, and is one step closer to leaving your job, then in my opinion it' worth it.Creative financing works if you understand the business, and aren't only looking for seller finance deals.