Charlotte is a great market (though it is seeing a lot of new construction this year!). 

In hindsight, this probably wasn't the right way to look at this, but we were counting on the cash flow from the rentals to offset some of the mortgage payments on our current home.

I have a rental home and another person wants to invest $100k and become tic and share in costs profits etc when I receive this money does the irs consider it a sale of the property and taxable or an investment and n’ont taxable?

This lets you keep some money in reserve which is always a good idea.

this is very helpful 

Would like to hear what are some key things to be aware of in this area when selling/buying properties? 

in my area probably bring enough to cover my holding costs while we wait for this tax treatment.

I recently learned that if you owner occupy a residence for part of the 5 previous years before sale, and you rent it for the remaining time, you can calculate the percentage of time the property was owner-occupied (and thus qualifies for the sec. 121 primary sales tax exemption of up to $250k for single filers) vs the time it was being rented (which qualifies for 1031 exchange) and claim both benefits. https://hcsequity.com/blog/combining-1031-exchange-with-121-....How does this work for a multi-family?

As the world warms this are will become more desirable.What do you think, Patrick?

My son is battling addiction which is where I discovered what a sober living home is.