Always consult with your attorney before you rely on the above information.

Consulting a real estate CPA can help maximize deductions and ensure proper reporting.This post does not create a CPA-Client relationship.

Always consult with qualified professionals familiar with your specific situation before making any decisions

It was then, after consulting with my father that he explained to me that I am all over the place when looking at location.

Definitely consult attorney.

@Michael Plaks do you offer 1 on 1 consultations?

Consulting with a financial advisor or a real estate professional could provide tailored guidance to help you make an informed decision.

Originally posted by @Troy Fisher:@Yinan Q. yup with a Partnership Agreement you would hold the deal as TIC as stated above, I would suggest you consult with the awesome @Scott Hildebrand about drawing up the Partnership agreement and perhaps talk to him about the ins and outs of TIC in Washington StateI think you mean a Tenant-In-Common Agreement since will be holding title as Tenants-In-Common. 

Always consult with your attorney before you rely on the above information.

I just spoke to a FA (free consultation) and he suggested building up the savings first.