Looking for any advise!

This is not advisable.7.

Hi @Myles Penner I will recommend that you speak with a cross border accountant who may be able to advise on the most tax-efficient structure.You can PM me if you need further information.

I am looking at and analyzing deals almost daily and came across a potential deal I wanted some advise on.

I would also advise that you save up some more money before taking on a rent-own.

I am currently wrapping up my first flip and I wanted to run it by the pros here to see if the way in which it was structured made sense and if any of you have any would have done it differently or advised on a different split with my partner.My current partner and I are wrapping up our first fix and flip property.

California adds a wrinkle as it is a community property state.Your tax advisor should be advising you regarding the tax ramifications of potential actions and interfacing with your attorney, and your wife's independent counsel should be doing the same for her.Even something as simple as filing status (MFJ vs MFS) has ramifications that extend beyond the finalization of the divorce...Best of luck.

So pls advise is it a good deal ?

What I advise my clients is lets look to see what the difference in both coverage options and premium totals. 

Plans fail for lack of counsel, but with many advisers they succeed.