You have he ability to connect multiple accounts if you would like to setup different properties like this.

Quote from @Cari Sweet:  This sounds like a case for Fair Housing- Familial Status discrimination. 

Together, the property nets us roughly $1,400/month after expenses.Equity Split: My partner owns 60%, and I own 40%.I'm exploring ways to take out my equity without disrupting this deal, as I feel this isn't the best financial decision for me right now.

This particular home will not likely sell as a flip for more than $50-60k.

Looking for any creative input on how something like this could be structured.Taking part of the purchase price of real estate as a charitable donation and using said deduction to lower your taxes is tantamount to sending a cover letter to the IRS with your return requesting an audit.  

Quote from @Josh Bowser: Gang - I love the back in forth on this thread and looks like this post keeps getting responses!

Comments like this is very insightful and honest.

It needs to be discussed in forums like this and shut Gro Capitus down.  

People interested in this type arrangement probably don’t have access to $150,0003.

I did a partnership like this, 50/50, with me putting up 100% of the capital out of fear.