@Ting LiuSince property was in your name only, I doubt any partnership return was filed.Did you form an LLC with your partner?

-Although a home appreciates at 4%, it's 4% of 700K, whereas i'm only earning money on 200K with an ETF stock. 

Then there's the issue with doing a 1031 which is fine but my property taxes would go from $2200/yr to $4400/yr for an identical home. 

If you are working with an investor-friendly CPA, I would ask what you need to document to make it easy to write off the expenses.

@Yi Chu a Roth IRA is already an account that allows tax-free growth so depreciation won't benefit you since depreciation is used to offset taxable income.If you need the depreciation to offset other income outside of the investment, then it might be best to invest outside of the Roth IRA in order to take advantage of the depreciation. 

I had an 8 hour surgery that day and my husband and I (mainly him) worked on uploading our custom lease after the surgery and we were going to send it to her that evening.

Would be smaller in scale, less residents per caregiver (better quality of care), and less headache in terms of turnover (would not be considered an eviction). 

Remember, a 3% appreciation rate on an all cash property with no debt provides a… 3% return (not counting cash flow).

If you ever plan to retire in a state without state income tax now’s the time to do an exchange to that state. 

@Terris Elliott It is very easy to file the articles of organization and obtain an EIN.