Hey @Joshua Manier - I've got a list of HELOC lenders that I can share with you. 

Share a clear business plan with numbers showing expected purchase, rehab costs, ARV, and rental income.

K1s show your share of income or losses from the partnership, and you include it on your respective personal tax returns.Now, to your partners.

Once again, I appreciate you sharing your perspective.

The other 50% is shared between aunts and cousins.

.: @Kieron Osullivan Thanks for sharing this, really insightful.

Later, you could refinance, pay off the sister’s share, and potentially renovate further to add value.The big questions seem to be how to handle the mortgage so the parents aren’t stuck paying rent and whether setting up a trust or another legal structure makes sense for passing ownership smoothly.

Another benefit is it is much easier to diversify into multiple markets, asset classes and operators.Just wanted to share an alternative - often active investing is the way to go, but it really depends on the person and it is important to know that there are passive ways to accomplish your financial goals.Good luck!

I am seeing a roommate who does not have pets.Cozy furnished 1 bedroom with living room and kitchen privileges, your own private bath and a shared refrigerator.

We have had duplexes with shared water, sewer, and trash billing, as well as shared driveways.The long term tenants act more like owner occupants, planting flowers, etc. and in some cases neighbors think that they are the owners.