Etc..The Goal: Cash out $205,000 from owner occupied yellow while taking out a mortgage to purchase Blue.After meeting with a local mortgage company, we found out the only way to cash out was to get a co-signer for yellow.

If the partners agree to specially allocate one item (for example, capital gains) 80/20 for economic purposes per SEE safe harbor, the corresponding tax amounts must also be allocated 80/20.However, IRS has a framework that can reallocate the partnership items based on the “ partner's interest in the partnership” if IRS determines the method of sharing the partnership items lacks the “Substantial Economic effect” (SEE) To meet the SEE, there are strict rules to maintain meaningful capital accounts including Deficit Makeup Requirement for those accounts.With the requirement, the partner must at some point contribute sufficient capital to eliminate the deficit, and the partner has the burden of the loss that partnership has and the allocation of the partnership will be respected by the IRS.This is a very high-level summary of the rules and is not comprehensive. there are many exceptions as well.Since the substantial economic effect, safe harbor allocation rules are complex and requires considerable additional recordkeeping, it's easier to follow PIP standard. 

I would strongly consider house hacking and leveraging friends as co-living tenants.

If you have built up a skillset to a high level, then you can earn a good amount of Seed Money for your future Investments and your qualifications will be excellent!

Maybe you could recommend people to co-sign with a parent or to borrow some money for the deposit.

Hey all!I recently moved to Denver and am looking to learn more about investing from those that are successfully doing it. My knowledge base is very solid, but I want to learn more hands on stuff. Is anyone aware of a...

If you value your time/energy/stress level for a 6 month process (max 180 days) at more than $10k, then maybe it isn't worth it to you.

Since they have no incentive to make lenders more money as a lender's employee would be, they can structure a loan allowing lender credit if the client wanted to put less money down on closing costs, and actually shop who will give the most if that's the case.

Make sure you read through this before proceeding, because the $8/hour employee you spoke to on the phone could be mistaken.

I am guessing the title co could draw this up for me yes?