I can't imagine that would work long term.No, with a market tenant we would collect a single check and deposit it into a joint account.The difference is that market rents are self-reported income, whereas section 8 is reported to the IRS by the housing agency on a 1099. 

Married filing jointly qualifies for a 500k cap on capital gains taxes. 

There's nothing left for vacancy, turnover, capex, or property management.A healthy cashflow requires the rent to be approximately double the mortgage.

I love holding, but hard to imagine it would make sense here.Buy something solid and cash producing at say 50% loan to value, then decide if you want to do a cash out refi.You can also buy multiple properties (with a few restrictions).If you love the place refinance so it’s still a healthy cash flow and buy something with that money, but don’t stand still

It was old cement pipe which had sunk at the joints.

This is very welcome to buyers, of course, but it’s also healthy for the market as a whole.

The scenario we unpacked was an individual who jointly owned a property with her sister and wanted to buy her sister out.To arrive at the buyout, she came in thinking that she would:- Compute an equity split based on cash actually contributed to the property. - Use a realtor to provide an opinion of value.- Not charge closing costs for the buyout. 

If you just want to joint venture, that is the same way.

Get a joint venture agreement on it.

STR's are taxed differently than rental property and I can't write a book on here but they are not alike (STR's good for folks who aren't real estate professionals)With your girlfriend you are looking at either a joint-venture or a partnership.