I figured as much, but it would be a great method for vets to enter real estate investing.

Make arrangements to collect the deposit and first month's rent via electronic methods so your friend is not collecting money for you.   

My understanding was that my duplex would be depreciated via a 27.5-year straight-line method on a half-year convention in which the half year's worth came in the first year regardless of when I bought the property.

The first step with any brilliant idea, before protecting it, is to share it on the internet.

By the way, semi-turnkey, with this company means you buy the property with cah and basically use the BRRR method, but they have the team, so that's what you're paying for, their team and expertise.

This sounds like the BRRRR method.

Makes sense if you want to be an owner occupant, but not for an investor.So, maybe the auction sites work for some, but personally I'd rather use other methods to find properties.

I heard about this method after listening to Rod Khleif's podcast episode # 209.

Account ClosedIf you and your colleagues have a tenants in common agreement in place and you and your colleagues own the property in both of your names - you and your colleague should be entitled to report each person's share of income and expenses on your individual tax return instead of filing a form 1065.There are some benefits with this method such as not having to file a partnership return which can cost $$Furthermore - you don't have to wait for the partnership return to be completed before you can complete your individual return.The only possible downside is that you may have to calculate depreciation separately.$1600 a year for a partnership return - I hope that didn't wipe out all your cash-flow!

Is there some sort of limition on this method?