The amount of distributions treated as a qualified higher education expense with respect to the qualified education loans of any individual can't exceed $10,000, reduced by the amount of distributions so treated for all prior tax years.

I think you should look into properties nearby and do some comps for fourplexes to see if its worth the rehabbing. yes, rehabbing will take more time and energy, but if the return is there... wouldn't it worth your while?

It is getting too wrapped up in reducing tax while not considering your business goals and maximizing cash flow.I would look for a different CPA - 24 years of experience is great, but only a handful of investors in her client load likely means she won't be as familiar with many considerations of even a small property investor.

Hi Andrew,Any equity they pull out of the property in a loan or HELOC will have to be repaid and will therefore reduce their cash flow amount. 

Any costs that I can reduce?

As I grow my portfolio, I want to reduce risk, taxation and free up my personal cash vested.

Any costs that I can reduce?

As you can see, I'm new to this and trying to figure out how to reduce the risk to my family as much as I can before jumping in.

One way to get more comfortable with this, is to structure any excess capital that one of you brings as a loan, with a fair, but relatively low interest rate.However you decide to structure it, I would suggest hiring an attorney to reduce the agreement to writing.

I guess I'm looking how to structure things to reduce risk yet still be fair to both.2) The other question - I notice some bids are rather "loose" in their description of materials being used.