Effectively turning a duplex into a triplex.Does anyone know if there is any issue with doing this?

What would a taxation model look like in this scenario?

That said, I am relatively new to this, and if there is something I am overlooking, please tell me.

This is for all the 'co-own curious' folks out there.I recently started a project aimed at making it easier and more affordable for people to co-own (and manage) homes together. 

The value of the house is around $384,000.

Lease expire in 5 yrs but I don’t see a renewal option offered to the MSO group.They bought this place 2 yrs ago.

This allows you to meet the material participation requirements based on your combined activities across all the grouped properties.But yes, RE Pros still have to spend over 750 hours in real estate activities during the year (and more time doing this than anything else) to be considered material.

This is my first time going non conventional.

If you're up for it, I'd be happy to connect you with these folks or share more about how I navigated this transition myself.Shoot me a message anytime always here to help a fellow investor keep those plates spinning smoothy!

You bought this with only $30,000 ??????