We did live in the house for 2 of the last 5 years, so we wouldn't have to pay capital gains tax.

As a thank you for your time and insights, I’d like to offer you the first 6 months for free once we launch.

I believe you were right he would inherit your cost basis, so he would owe capital gains.

@Mindy RosscupThe knowledge you gain by studying and taking the test to become a RE agent.

A lot of people think that they will gain "experience" when they self manage.

For the 20% down, it’d lower your mortgage and eliminate PMI, but buying now could help you start building equity and gaining appreciation.

Whether you're just starting out or already have a few deals under your belt, the conversations here are so insightful.

Also, logically speaking, for whoever the owner/developer of the project is, they have much more risk involved and should deservedly be the ones with the profit to gain. 

There are three items required to make a successful partnership - Time, Experience, Capital.If you are a syndicator, you are likely expected to have time and experience.There is a lot that goes into being a competent syndicator - Proper communications, finding a good deal, communicating quarterly updates, networking with lenders, contractors, PM companies.You can gain experience by doing your own deals or working for someone who does(Ideally both).I personally think you should cement your experience before worrying about OPM.Best of luck

I appreciate any insights you can provide!