And of course we're in agreement on consulting a tax pro.

Despite the equity We also want to take advantage of tax advantages we did stay in the property for 2 years !  

If you are going to be doing the rehab work in exchange for equity then that value needs to be determined up front with a specific timeline that you have to adhere to in order to earn your equity.

Earned or not, there is a certain credibility standing at the front of the room and club owners get to stand in the middle of deal flow.

Remember, they can always refer themselves😊Now, make it a goal to call at least 5-10 of these people EVERY day and ask a MAX OF THREE off the list below of who do they know that:Just inherited a homeHad a loved one pass awayIs behind on their mortgage or tax paymentsHas a relative that can’t take care of their house anymoreHas a house they’re having trouble sellingIs facing bankruptcyKnows a probate attorneyKnows a bankruptcy attorneyetcWhy only three off the list per contact?

But let HIM earn it.

Taxes have to be paid, so does insurance, what about maintenance? 

Also, there may be some tax benefits if they can qualify for federal funding based on low income. 

Also, I'm not sure how you're paying attention to it on the tax side, but the unit that you are living in's profit at sale is calculated differently than the other unit that you're renting out.Once you move out, that unit is officially available for rent so from that point forward, any profit gained at future sale will be calculated starting from that point and will be taxable.

Income would be from hunting dues and timber harvesting, expense would be conservation management, taxes, and the mortgage.