My CPA says that we cannot do this (set up LLC partnership) without him being on the mortgage.  

Hi all,Is it possible to do a 1031 exchange of a personally owned property and move it into a property owned by an LLC as part of a partnership?

If the existing layout is not conducive to the plans (for instance, if you have to remove a load-bearing wall and engineer new structural support, or if it's not possible to add a br or ba without messing up the flow and functionality of the house), then it might not be feasible and could end up costing far more than it produces...Also, if this is your first property, I'd suggest against a flip.

You could structure a partnership to give you a greater stake than 2.5% in return for that investment of your time and energy.

A property's tax bill would increase as a function of roughly two things multiplied together:1) How much that property's value has increased relative to other properties in the same jurisdiction.2) The overall increase in the jurisdiction's budget from year to year.If your value is going up in dollar value but percentage-wise it's roughly the same percentage as everyone else's property the main relevant factor is #2.

Just a few of the “extras” I provide are: - local coffee (we have partnerships in each city)- tea- creamer - sugar- sugar alternatives - Advil- tampons- condoms- bug spray- sunscreen- ear plugs - charging cables- TVs in each room- Pay It Forward cocktail bar I’ve mentioned it before, but between all of my homes, both past and present, I have never received a negative review on any platform.

When I’ve tried to buy property with two houses on one parcel previously, the bank required that one not be functional to consider doing the loan (so, if it needs a huge rehab, no toilet, etc).

I have just purchased a laptop recently because I did not have a functioning one previously.

For me I think it's less a function of time and more a matter of how much interest is coming in through other channels.  

Alternatively, if you are dead set on a 50/50 split, you could offer to personally guarantee the debt while their name would be on title but not the loanI've seen partnerships where one of the parties isn't bringing in any money go sideways more often than not.