@Brandon Foster Check out this thread. 

Quote from @Dave Foster: @Kelvin He, If you've been living in that house as a house hack. 

@samantha Klein and @dave foster thank you for clarifying the 1031 thing for me.

@Dave Foster thank you for that information.

Quote from @Dave Foster: @Clinton Davis, You need to compare all parts of the IRR to see what the actual impact would be - positively or negatively. 

Originally posted by : @Dave Foster...I've known all these guys above in the forum for years. 

(You can’t buy part of an LLC that owns a property, or buy in to a syndication as a regular LP.)Reach out to an expert like @Dave Foster before you buy and preferably before you even sell.

Additionally, fostering open communication, having clear decision-making processes, and seeking professional guidance in legal, financial, and tax matters are essential for a harmonious and well-managed co-ownership venture. 4 to 8 partners all opting to take the same weekend could lead to some ruffled feathers if a structure isn't in place on some level of hierarchy. 

Quote from @Dave Foster: @Brandon Elliott, yes this can actually be a very strategic decision by you. 

This arrangement isn't something every bank offers, so it's important to shop around and foster relationships.