the taxation and benefits of STR vs LTR are incredibly different. 

The power of compounding in real estate is real - yet most professionals don't understand how powerful it really can be even though they talk about generating wealth.The true power of a 1031 exchange is the ability for an investor to meet their investment objectives without losing equity to taxation.

More specifically setting up an LLC as a Canadian, navigating cross-border taxation, finding lenders, and going through the acquisition process as an international investor.Thanks in advance for anyone who has advice!

There are endless ways you could structure your partnership, but you want someone to advise you how to do it in a way that protects both of you and your assets in the best way possible and with the right taxation structure for your particular situation.

This is one of the most black and white areas of real estate taxation. 

@Ozgur CebeI recommend finding an accountant specializing in real estate taxation.

I have a finance degree and on took courses in real estate taxation, and still use a preparer to double check what I did, have him sign off on my returns as preparer.

My guess would be that as this GP is doing 1031 as a TIC into the deal he would be a little less likely to want a sale, which is a taxable capital event, and would like to keep his money invested and sheltered from taxation as long as possible which tends to fit with my investing style of long term/preferably forever investing.        

. - so to summarize: 15% federal capital gains tax, 8.97% NJ state tax, 1% realty transfer tax, depreciation recapture and whatever other costs for closing.https://www.nj.gov/treasury/taxation/documents/pdf/guides/Bu...

If yes, does this affect taxation of distributions?