My husband, the CPA, says there are things to consider here. The advantage is for the person wanting the tax break, there could or could not be any advantage for the person going in with them. And then the other questions begin: what type of renters; what happens if something goes wrong with the place- who pays or what if one person does not have the funds to share in the repairs; you do not know the person you are joining up with on this venture; if it goes vacant, you have the monthly fees to share; hard to say what other issues come up. Not necessarily negative, just lots of factors to consider. Could be a great experience for someone. Or not.
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