@Peter StewartIt takes a man to admit his mistakes .

Thanks, man.  

I found a property I would like to purchase, but the thing is the man who owns this property is in declining health and is looking to get rid of 4 more properties with similar situations.

@Craig CurelopI love it man.

If you want the benefit of not paying 20% tax on the money that partnership would pay you back, you have have to specially allocate rental income or set up the preferred return to meet your desired income that incorporates your repayment of down payment.I am sorry that new law made it more complicated.

Neither have state income tax ;) ;) Nowhere is perfect man.

thanks man.

@Ivan Vargas thanks a lot man thats great advice.

I used this company called Microbilt, and man...it was ROUGH.

What would it take to teach this young man what it takes to be a good tenant?