That might include pet policy changes, early termination fees, a fee for a service like a requested lock change.

So I'm thinking that I can create a SEP IRA and use it to loan to my friend instead of using my personal equity. 

The rise and rise of house hacking might keep rolling considering that housing remains unaffordable due to high prices and low inventory resulting in an upward pressure on millennials headed for creative solutions like house hacking.Even though stylish nowadays, not only is house hacking in fashion but also bears enduring benefits like creating a property ladder, passive income generation, and financial freedom attainment.

Given you aren't clearly a prorata split of everything (IE both names on title, mortgage, etc), Partnership treatment would be much more supportable than as a TIC.If you have an agreement in your JV that you are sharing the expenses and revenue of the venture, the JV certainly gets to claim those valid expenses, including the mortgage interest.If the property was never in service and was being renovated, that interest may not have been deductible anyways and it is possible it could have been required to capitalize it into the renovation, in which case you'll recapture it by your share of depreciation.

We were looking to see about an LLC and whether that would be in our best interest to create one now.

What I'm really doing is creating a "workshop" space that's part of the house that can be used towards a business write off, but can also be easily converted to living space with plumbing/wiring already installed in walls/floors.

By having agents supporting agents in their success, it creates more collaboration and less competitiveness among agents.  

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Almost everyone here on BP will tell you that they wish they had started earlier, myself included.4.

That includes salt and pepper shakers.