New to investing, and I have a complicated life with finances, here's a quick back ground, I have a corporation, and so I don't make much money personally due to divorce complications and children, and my corporation has been utilizing the tax benefits, so I am sorta shooting myself in the foot twice I already know, but I have bigger plans to make my life better just need options.  

Bravo to you for building what you have and reaping the benefits!

I'm in a similar situation, but I can't identify the benefits of going 50/50. 

Consensus builder; highly adept at constructing transactions that benefit all parties.

The only word of caution is that if you pull out more cash than your taxable gain (profit) then the 1031 Exchange would not provide you with any benefit.

Not sure how I'd feel about attending some boot camp but I hope it worka out to your benefit and I'd love to hear about your experience!

Mind you I live in a pretty nice area and I can imagine demolition being very expensive, so I believe this is a benefit both ways.

The OP could benefit from browsing there.  

I probably would not worry about depreciation because that is a tax benefit ...but I am not a great numbers guy either.

You won't have the write offs or tax benefits as residential properties, so negative cash flow could really hurt you.