Use refinance fund payout person I bought from and do either 1 or 2 above.

We haven’t filed personal taxes as our accountant extended after an accident so have no “income” shown through taxes.

Looking for other ideas, and structures that would help achieve a successful partnership.Thanks DougThat's actually a lot going on.What I think you are proposing is to have your in-laws sell their existing house, buy a new smaller house with their money, sell the house to you as the landlord and they rent from you.

There is a lot of money to be made due to the inefficiencies. 

My family and I currently live in a small podunk town in Iowa, which I truly can't wait to move from, and we rarely come across money like this (we're basically as middle as middle-class can get). 

I'd suggest it's personal finance for the next 12-18 months to put yourself in the position to do this the right way. 

we have 7 new builds breaking ground in July all are for clients that we build at a discount for and they resell which makes the economics even more favorable for them but for our side of things I haven't looked at private money just through all cash partnerships. that's in columbus ohio 

Location: TEXASWe closed a property where there was a deceased person few years back.

We have 30 units in 7 different entities if including personal name ownership.

The cost segregation allows for accelerated depreciation creating pretty big losses on first year of acquisition and there after also.But schedule E doesn’t allow posting those losses to personal taxes 1040. losses stay with schedule E until they get offset by future profits from property.Did I get this correct?