@Steve Sauro Overall that's about it and getting it all down in writing so everyone is clear and there is a legal document tracking the split.

@Joe Archbold The syndication operator should be able to have a good guestimate from their accounting team or firm as to how much depreciation they'll be able to write off on a given project.

Hey Christian, great detailed write up.

Tell them next year not to write everything off so they can show income.

What do you write in your leases (in WI) regarding someone breaking the lease?

First piece of advice, always, always, always put everything in writing when dealing with partners, ESPECIALLY family. 

Get this in writing.

I'll write down the rates below. 2.75% - 0 lender credits - $1,327/mo mortgage2.875% - $1,200 lender credits - $1,340/mo mortgage3% - $2,023 lender credits - $1,337/mo mortgage3.25% - $4898 lender credits - $1398/mo mortgageI'm leaning more towards the 3.25% so I pay close to nothing for closing costs but obviously with the estimated rent, I would have to charge $1,600 to cash flow maybe $100.

also can I write the entire project off on my taxes ?

Hey Eric,I would really recommend sitting down and writing out what you WOULD be doing if you were present and could do it all.