A CPA familiar with real estate partnerships could clarify the implications for everyone involved.A great attorney or CPA can help you iron out the details and ensure the partnership benefits all parties fairly.

Real estate investment can be incredibly rewarding, between the cashflow, appreciation, and tax benefits, it truly is the greatest wealth creation tool. 

The investors that i work with find this to be a good way to get a more passive investment that still has the benefits of owning and controlling the property.Best of luck getting started and connect with any questions.

Having time to do the work was the biggest benefit.

It just adds complexities and costs without any benefits. 

The investor who bought this home owns an asset that is cash flow positive from day one and one that will benefit from all 5 profit centers of rental property investing for many years to come.

Quote from @Karen Smith: Quote from @Jay Hinrichs: well have been a PML HML since the late 80s. benefits are:1.

I"m also seeing people doing STRs to get the tax benefits besides the higher cash flow. 

You would be surprised how much Wayfair marks stuff up, and that a lot of things that are marketed as unique are sold by numerous retailers. 

Thanks for the mention @JC Wu.Even if a “cash only” deal isn’t coming across as suspicious, you lose one of the greatest benefits of investment real estate without the power of leverage!