Thank you for that suggestion!

I was hoping for some guidance/suggestions on the steps involved with regards to a partnership.

MFH will always out perform SFM in most other cases simple math. 

He suggested that we also seal the brick with a waterproof sealant like a clear Drylock just for that additional level of protection.

Any financing suggestions are greatly appreciated as I'm just getting started.  

Even if that's the case, the tax savings in this simple example of 16,000 is greater than the out-of-pocket $1,000 a month (12k) to keep the deal going.

I've had a couple of people suggest to me to 1031 exchange my SFH here to buy multi-unit OOS or many SFHs...sounds like huge headache venturing into the unknown and all those tenants, repairs, capital expenses etc. 

But the process really is simple.

Btw why would you suggest HELOC rather than cash-out refi?

Something as simple as not having blackout curtains can make or break a listing.