Investing with a partner who will live in the home

[Dusty Cady]

BP, I am hoping to get some guidance and see if anyone has gone this route before. A partner and I are looking at a few SF homes. The plan is for the partner to actually live in the house. We would also to get 1 or 2 other roommates in the house.

Has anyone ever had this type of arrangement? I am trying to think of how the finances would work. Who gets the tax write offs, do we lose the depreciation tax breaks? If someone has done this how would you structure the deal to make sense for both parties?

Any advice would be greatly appreciated.

-Dusty