I currently reside in a higher-end condo in Orlando, Florida, and obtaining a mortgage with a sub 3% interest rate was crucial for making it a feasible investment.Allow me to share a personal anecdote that sheds light on the condo buying experience.

My most gracious analysis would be this (and this is just me): (1) I think the owner is a very kind man - I’ve talked with him personally.

So having a joint account makes sense BUT my team and I will also have separate deals outside of this partnership with this other person.

In other words, the person with the most toys, wins... not the person who paid the least amount of tax.

Asking me to watch her two large dogs. 

Echoing what Nathan said-make sure you compare the scope of work both are planning on doing and vet your person.

@Bruce WoodruffJust watched a Tom Silva tutorial, it’s easy!

We took the depreciation on our personal tax return in 2022.

We are shooting for 3x income, but might settle for as low as 2x, if the person seems like a good candidate.

By having more tenants there are more eyes to watch for issues that may pop up, more people paying rent, and if you have one of the units vacant for a bit, it will not hurt the bank as bad as it would if you only have two tenants in the building and one of them left.