So depending on which of those you see as a benefit, you'll likely prefer one or the other. 

Always talk to your CPA to see if you qualify.That said, the benefits are definitely worth it if you do.

To attract a long-term partner, emphasize the mutual benefits and build trust through transparency in the deal structure, profit expectations, and exit strategy.

If I refinance, I can wait for a few months to see if the rates go down, but that would mean that each mortgage payment I make would benefit my ex as he gets half the equity in the home at the time of selling or refinancing based on an appraisal.

During Covid I worked for a Medical Travel company so i would highly suggest with your knowledge to use that in your benefit.

But generally, in a traditional 50/50 partnership, each partner gets 50% of the tax benefits, too.

Thank you,Nirav Since you already pulled the trigger...and are a limited partner...this means you have the benefits of that (i.e. no liability beyond your investment) in exchange for generally having no ability to vote or have a say in how the investment is managed. 

When you do a 1031 exchange you are in essence transferring the adjusted basis of the property to the new property.  

It will familiarize you with the basic terminology and benefits.

The day to day diligence and management makes all the difference and you can adjust those percentages if you need to as well. 4.