(up to $250,000 for individuals or $500,000 for married couples filing jointly) Consult your CPA :)

You could structure a joint venture agreement but make sure you lay out the following: - Purpose of the Venture- Contributions- Ownership and Profit Sharing- Decision-Making- Management- Duration and Termination- Liability and Risk Allocation

This would be more of a joint venture .

If you file jointly then a spouse's material participation should count. 

LAST PART, don't just knee-jerk "ok, SELL", no, IF the math says "sell" REPEAT this fact/data finding mission to answer the question of how to BEST sell, for MAXIMUM ROI.     

I am open to joint ventures.

.”* Some kind of joint venture or common interest development.

Married filling joint.

Additionally, I am open to partnering with other interested investors, especially those looking to support a first-time entrepreneur like myself.Please reach out if you are interested in advising an aspiring investor or even jointly pursuing a new real estate opportunity.

My understanding is that whatever "net income" I have from my rental is taxed at whatever income tax bracket my wife and I are in.My wife and I file jointly and our taxable income puts us in the 25% bracket, so my understanding is that if we make say $4000 net income from our duplex then we pay $1000 in fed taxes on that.Are you saying that is incorrect?