If you and your partner own the current property as tenants in common then that property is reported on your individual tax returns. 

Without that statement it is kind of impossible to to report the rental income and expenses on your tax return. 

Going the hard money route will not affect your DTI or get reported to the credit bureau.

Disclosures: this post is an anecdote about a Raleigh NC property for illustration purposes; the numbers presented are actual numbers from my Quickbooks report; the Rent-O-Meter price, T-Bill rates (in the links), taxes, insurance, and PM fees will change over time. 

Later, the tenant called to report that the washer area was still clogged.

I started as a realtor so I also had to wait two year for better reported income to purchase.

I have a different take on credit reports.

If not, then there was some sort of issue with your order, because it's not showing up on my reports.

At the end of the day $800 of repairs in an inspection report isn't that bad-ask him to split it with you. 

In addition, the 1031 like-kind exchange allows investors to defer taxes when they reinvest the proceeds from the sale of an investment property into another investment property.Plus the withholding 15% tax is refundable once a tax report is produced and the capital gains are submitted to the IRS.