The rest of the people will report ONLY THEIR PORTION of the interest on line 13 of Schedule E or you're likely to get a matching letter from the IRS a few years down the road.The IRS says:Generally, mortgage interest paid or accrued on real estate you own legally or equitably is deductible.But if you claim mortgage interest when the 1098 isn't issued in your SSN, it causes data matching issues which is why I recommend reporting on line 13 for Other Interest rather than on line 12 for Mortgage Interest.You should also technically create a document or statement indicating that all partners understand that the mortgage expenses, including mortgage interest, are payable out of the rental income BEFORE distributions of profit are made.  

He said he wants to sell today and the property is $1,500.It sounds scammy (I'm not sure) but out of curiosity though, is it possible that a 1br/1bth house can sell for less than $10k in kansas city?

My current 1 year plan is this: Use the savings I accrue over the next ~6 months from my Software Engineering position to make a down payment on a 2-4 unit multi family property within a 15 mile radius of my workplace (Shelton, CT), and house hack it!

FYI - Typically, I've never been able to use the FULL amount of vacation per year as I accrue it faster than I spend it and I'm close to the limit of hours I can bank - 6 weeks. 

Wholesalers seem to be able to find deals, that's where my curiosity came from.

Out of curiosity can he go with the FHA loan and evict one of the tenants to owner occupy the property?

Out of curiosity, how did you acquire your apartment?

@Jack Nguyen Out of curiosity where is this duplex located?

This sparks my curiosity if you’re able to do this, as my husband and I also have a VA loan. 

@Christian Carson Out of curiosity what are the typical going rates for a real estate attorney per hour in your area?