Their response was a small tax reduction on the provincial portion of all commercial property instead of a significant reduction in residential rental property {despite owners of commercial property supporting the latter}.The population of the Maritime provinces is about the same as that of Montréal, so naturally commodity and food prices are greater (the possible exception being seafood ;-)) as per unit transportation costs are higher.In Fredericton we are split between student rentals and those for everyone else (mostly young professionals).  

I own a home in Little Rock AR and moved to Texas for work in June.

Since the lender required both of us to be in the contract, wouldn't we have to split the ownership of the property 50/50?

Ken Truong I'm also researching my first lend for a flip in CA.... based on what you learn, perhaps we could split attorney cost to get the forms and info we need?

You'll want to think out what relationship you guys want after your capital is returned in full - but the easiest is a 50/50 split on income and depreciation going forward.  

My best advice is to keep it to yourself and rock on.  

As @Joe Splitrock said, if you have the capability of producing your own tax return and managing your own tax position, then no you don't need a CPA or an accountant.

Looking for a reasonably priced survey company in North Austin/Round Rock area.

I say go for the 50-50 split to get started. 

Jake, my guess is that your contractor split when he realized you were wholesaling.