I’m sure it’s probably not a get rich scheme but you could probably earn a solid couple hundred dollars a month per unit once they’re rehabbed.

Best to seek counsel from your attorney and tax professional but if you are going to insist on saving a few dollars, best to provide more specifics on the type of partnership you are contemplating so you can get your hands on something that's remotely relevant. 

This includes 1 off-street parking spot - which is very desirable in South Beach) HOA is $802 and taxes (with no exemptions) are $3192.

Then each propertyOwner along the road will get assessed on their property taxes.  

With the BRRRR strategy, you can "force" the appreciation and get the benefit of both.Please feel free to connect with me if you have any other questions, and if you need any assistance or guidance with bookkeeping, taxes, or other business strategies please let me know.

I’m a W-2 employee in a high income tax state.

Hey guys curious, is it smart to open an llc and rent a room out on my own property just for the tax benefits ? 

So I would be paying it back with after tax dollars to only pay tax on them again when I retire.

Lots of tax delinquent 3.3 acre lots there.

No personal income or tax returns needed.