Paying down debt will help your DTI ratio, really important with your income level. 

The owner needs the stable income a lot more than the pennies on the dollar from a sale at present so I am meeting with an accountant next week for the first time to pick their brain about a structured buyout.

I see Seabrook as a place to visit when you want and use the losses to offset high income net worth stuff.

The title and loan is obviously in his name currently but we agreed to fund renovations (and yes, we created a written agreement for this) and then share in the rental income profits.

Thinking about setting up a property management company to use for my rentals to show the income as part of the management company rather than personal finances.

The title and loan is obviously in his name currently but we agreed to fund renovations (and yes, we created a written agreement for this) and then share in the rental income profits.

The assessment process for commercial properties often involves evaluating the property's income-generating potential, which can lead to higher taxes than residential properties.

@Shiloh LundahlTheoretically assuming properties were identical in every sense yes because I don’t need cash flow and would rather have the extra $100k in equity.Now $600/mo could get you another $100k mortgage to get you another property that could potentially also cash flow but for me personally I am in equity play mode now income mode - just my personal choice but nothing wrong with the other scenario

Airbnb in particular, as a sharing economy-platform, feels more natural with a person's name attached, rather than a corporate name.

With a decade of experience of working in corporate finance, I've done top-notch deal analysis for this MTR; It's not luck, it's hard work.