Quote from @Jon K.: Quote from @Will Cruz: Does anyone know of a Bank that is willing to do a HELOC on an investment property?

Profits during the partnership can be shared based on the agreed equity split, with income and expenses reported via K-1 forms. 

If you have a significant amount of passive income (from passive investments maybe from K-1s or other rental properties), then you could use the apartment rental loss to offset that passive income only.

@Laurence K. maybe it is different in Australia than in Texas.

Ok, but from my house I can see what used to be a K-mart about a mile away.  

.: @Steve K.

Thanks K.

Quote from @Alex K.: Quote from @Chris Morris: Wholesalers in Detroit are making it nearly impossible to find good deals.

:I had a consultation with Andersons a month ago... his youtube videos are great and a lot of good information... but they have packages... and are VERY VERY expensive... for the same setup as other companies for a lot less.I contacted Royal Legal Solutions as well... packages as well and expensive.I also contacted the Small Business office in Kansas and a couple of local lawyers.So far Mark J K has been the best consultation and fees as very down to earth... but will confirm tomorrow :) 

To optimize taxes, consider lending through a self-directed IRA or Solo 401(k) to grow interest tax-deferred or tax-free.