Any excess taxes caused by this will pale in comparison to what this kid has learned.

then your private assets pale in comparison making you the smaller target. 

I'm the deal partner, you're the capital partner, we both brought value, we both win.Neither of us are automatically screwed when we apply for a mortgage in the future (DTI hit for the private mortgage will pale in comparison to the DTI impact of the "50% of profits, 100% of expenses" situation described above).Capital is the most common motive to partner.

It's either my screen is too bright, or your new avatar is a little pale. 

@Michael Paling, @Tim Herman, and @Nathan Murith - Gentlemen, I am quite humbled by the authentic, timely, and constructive replies!

One of my clients bought a property that was in the over lay in Charlston and I can tell you its a spectacular investment.. basically makes any other kind of buy hold pale in comparison.. as stated tough to find.. but boy is it worth the effort if you like rental income..

The inventory on 4-6 units is always pretty scarce as the amount of those pales in comparison to duplexes.

I would also keep an eye& ear out for the emerging innovators, every significant economic shift and calamity breeds innovators and those innovators require seed capital, think Facebook, Google, Netflix and so on, those early $ investors made multipliers on their capital that makes any other investment pale in comparison.

Beige with white trim is so common, I would paint an accent wall in the living; or paint the kitchen "Pottery Barn" sage or the hall bath pale metallic silver with a shimmery, trendy shower curtain.

The value adds and the market appreciation profits pale the cash flow (this is even with a duplex that cash flows over $5K/month).