You can modify the wording such that she is the primary tenant (ie if they break up, she stays not him). 

They simply net together.Whether the 20,000 loss is deductible depends on your income, and I can only assume that with a jumbo loan on your primary residence, you earn more than 150,000 modified adjusted gross income.

You can deduct real estate losses against W-2 income provided your modified adjusted gross income (MAGI) is under $150,000.

I believe the US Senate added HR 9395 (the bill to modify bonus depreciation back to 100% for 2023,2024 and 2025) as an amendment to the FAA reauthorization bill in the Senate. 

When you say joint venture, you mean modifying the lease terms with the tenant after the fact?

I understand that passive losses cannot reduce your taxable income and must be rolled over to be subtracted from future passive income, UNLESS you meet the special allowance that says you may deduct up to $25k in passive losses from taxable income if your modified AGI is less than $100k that year.

Yes, if you change your single-family home from Short-Term Rental to Long-Term Rental in the second year of ownership, you would need to adjust the depreciation schedule for tax purposes.Recall for residential rental properties, the IRS allows a depreciation period of 27.5 years under the Modified Accelerated Cost Recovery System (MACRS).

@Therese V.That's a new version of MIRR (Modified Internal Rate of Return) to me.IRR (Internal Rate of Return) assumes that all cashflows are reinvested in the business at the rate-of-return.MIRR assumes all positive cash flows are reinvested at the business' cost of capital and all initial outlays are financed at the business' financing costs.  

This is not a rule that the bank can change or modify. 

But after that we decided that our offers would we would only submit our cash offers on deals where we were either going to use our cash or we had an arrangement w/ a private lender that did not require us to modify the contract to financing.