I'll post back here when there's something to report but it may be a while.

However, this provides tax benefits over time rather than an upfront deduction.This post does not create a CPA-Client relationship.

I don't know if this the right category or not to post this.

Consult an attorney and tax advisor to structure the arrangement legally and effectively.This post does not create a CPA-Client relationship.

Michael Plaks has a great post on this topic.2 - Assess the value of those tax deductions to you: Best way to get that is by working with a real estate tax expert.

@Kyle Luman I’m not sure if you understand the nuance, but your post made me wonder so I’ll share some insights in case it wasn’t clear to you.

I personally would avoid the older neighborhoods closer to the post.

It seems weird to post the exact same thing again.https://www.biggerpockets.com/forums/48/topics/1220392-what-...

This is my first post on Bigger Pockets as I get going into my real estate journey.

Structuring the Deal with a PartnerWhile your partner cannot directly participate in the loan, there are ways to structure your arrangement to reflect your 50/50 partnership:Option 1: Post-Purchase Equity SaleYou obtain the 203(k) loan in your name as the owner-occupant.After closing, you sell your partner 50% equity in the property via a quitclaim deed or similar legal instrument.Your partnership agreement would outline each person’s roles, responsibilities, and share of profits.Note: Be mindful of FHA’s rules around title changes and ensure this doesn’t violate loan terms.Option 2: Partnership Contribution AgreementYou both contribute to the down payment and renovation costs as outlined in a partnership agreement.Your partner’s contribution could be recognized as a share of the equity in exchange for funding, services, or property management.The partnership agreement would detail how profits, responsibilities, and equity are split.Option 3: Joint Venture AgreementStructure the deal as a joint venture, where you own the property personally (required for the FHA loan), but profits and roles are split per a formal agreement.Your partner could receive equity-like compensation through profit-sharing without being on the title.3.