I house-hacked when my daughter was a year and a half old, and the only option we considered was house-hacking a duplex.Best,Jon 

@Jon Foley, Your partner has to take title to at least as much real estate as they sold in order to defer all tax. 

@Jon Joro, a "Quit Claim Deed" means that the "Seller" may not have any part of the property's Ownership! 

You can use a commercial DSCR loan on just about any property type, and if you plan to purchase the property in a LLC most banks will only offer commercial financing.I hope this helps.Best,Jon

Best,Jon

@Dave Foster @Jon Taylor  Thank you for all of the information. 

Quote from @Jon Taylor: The DST structure actually provides a 1099 to investors as well as a list of property building and land values…Your cost basis is adjusted and carried forward, and any additional debt (non-recourse) is depreciable as new basis.If you want to see a name-redacted sample return for a previous tax year, I could provide one.  

Jon

@Jon Taylor is correct, you would each take title as tenants in common. 

I am not a flipper but we took this project on as a strategic move.I will be doing a deep dive on this deal on my YouTube channel: Jon beemer or link is in my bioThe basic break down:50k purchase with hard money and private money for equity.100% construction cost of 30kwe ended up selling it for 145kAfter profit splits my take home was 25k.It was an excellent project and my investors got a 57% return!