Make sure everyone knows a cleaning schedule, expectation for common areas, how are you splitting utilities, guest policy, etc. 

Once it's rented, use that rental income to help offset your DTI, which may help you qualify for the second property sooner.Partner with Investors: Team up with someone to split costs and lower your personal DTI impact.

The 2024 business return can reflect the change of ownership to two 50% partners (or however the ownership interest is split between yourself and the other remaining partner)?

"You follow-up & Split Wholesale Fees 50/50."  

It’s unlikely to provide the immediate tax write-off you're envisioning.I’d recommend consulting a CPA to clarify your situation, especially if you’re splitting usage between personal and rental.

Assuming everything is split 50/50 what are your thoughts on taking the cash and reinvesting or working the BRRRR method.I know that was a lot.

Currently, we have a 200-amp service to the building, split into two 100-amp main panels for each unit.

We typically do 8% pref starting out day 1 and split of cash flow thereafter 50/50 between LP and GP or we as GP charge 10% management fee of NOI it just depends on the deal.

You typically don't want to split up construction and engineering services/planning here, but we did this to let us see how well we work with the firm.It's probable, if we work well together, they will also be our GC.

Remove them, split the units, and rent both units at market rate.