@Jonathan Tavarez Do you mind sharing your PM with us? 

Good perspective, thanks for sharing.

This can entail working together on a project where you share duties and pool resources.You might be able to get better loan conditions if your credit score is higher.

Quote from @Steve Wright: Not sure what you mean by claiming what I didn't pay, I paid to improve the property before it was rented.Yes, it seems strange to me if someone purchases a home, improves it, then rents it, that they can't claim the value of the improved property for depreciation, as they paid to improve it.Steve, just like on another thread where you were asking about renting to your family, you are not sharing full information and then are getting upset that we are somehow not reading your mind.

Thank you for sharing!

There are often discussions and resources shared by other members who have experience with tax liens.

The refinance itself, will be treated as a loan purely to be paid back by the LLC over time.It is best to speak to a CPA or Lawyer pertaining to this first and foremost to properly discuss the private details that should not be shared online. 

Whether you are a seasoned investor, a real estate agent, or someone who has successfully navigated these waters, your input would be truly appreciated.I'll go ahead and start by sharing some of my best practices.

My question is, how should the partnership be structured so that each partner pays their share of taxes at the end of the year? 

Taking that test will allow you to become more familiar with the everyday language and terminology.