Why would you want to file a partnership return instead of reporting it as is where it is owned as tenants in common.If you file a partnership return and have someone else do it, you are likely looking at a $700 annual cost.Reporting it as tenants in common means you report your share of the rental on your individual return and your partner reports his share on his individual return.

@Stephen Morales Great, thank you!

Quote from @Stephen Morales: Hey Jared, I would suggest picking up properties with value-add opportunities.

I am just starting out here in South Carolina looking to network meet a community of like-minded individuals.  

@Stephen Morales Okay yes thank you!

Keep it simple but relatable.3.Morality in Wholesaling:I get that one, for sure.

Quote from @Lewk Dee: Quote from @Stephen Morales: Hey Lewk,Welcome!

@Stephen Morales will do thanks!

Moral of the story?

I have documentation.I guess we know with what kind of ethicall and moral base you run your business.