I live and work here if you still have any questions regarding investing in Tulum feel free to reach out to me.

Hello Biggerpockets Community, I'm currently considering a unique opportunity to go 50/50 on a property with a friend, and I'd love to hear your thoughts and experiences on this matter.Background:My friend and I are contemplating joint ownership of a property where they will live and cover the mortgage, while her and I contribute 10% down payment.

Recently, I started a boots-on-the-ground business where we live in Dothan, AL to help remote investors more easily self-manage their properties here in the Wiregrass area.

If you lived there for 2 years, they received 2 years of useful life and have no justification for billing you 100% of the replacement cost.

I live in California.

A lot of people that never really had any interest in real estate per se, watch these YouTube gurus who fancy up their videos with colorful thumbnails in them living the highlife showing the simplicity of it but do not show the hard work, actually talking to people in which I think millennials have a hard time doing, interacting, as well as not getting held up on analysis paralysis.

Question on section 121 exclusion for cap gains, specifically the timing of needing to live in the property for 2 of the last 5 years.

The goal with this strategy is to have low living expenses as your tenants are helping you pay down your mortgage.

We are trying to figure out a good split of equity and cash flow since they will likely be putting more down upfront but they live out of state and we would be doing a majority of the management. 

What town do you live near by?