This creates a negative initial position.

May not sound like a big deal but i tried to create the account under my biz and purchase a sub-to through the account, and lack of outbound wire was a killer for me.

Reporting begins when it's placed in service, not when it’s first rented.This post does not create a CPA-Client relationship.

I have been working on creating more passive RE opportunities and have come across a unique equity financing structure.

We knew starting out we wanted to create systems and RentRedi met our needs. 

My proposal is to do the following:1) Create an LLC in which my partner and I are both owners/operators2) Have the title of the property put into the name of the LLC via quitclaim deed3) Have the Operating Agreement of the LLC outline ownership based on shares ownership model.

Hoping to go down one of two paths:1- Buy a condo or small single family home and build equity and create value with my maintenance/construction background.2- Find a cash provider to do this on a larger scale with a 3-5 unit building. 

Been doing my homework and looking around to team up with some excellent individuals and create a working system.  

This can create deprecation needed to offset these gains, and we don't need to qualify for real estate professional to take advantage of it in this case here. 

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