Investors & landlords


@ThomasM125 wrote:

 

One thing you need to be aware of is that since you own the property with at least one other person evidently, you will have a partnership by default, 


 

Probably not.  From the 1065 Instructions:

 

Mere co-ownership of property that is maintained and leased or rented isn't a partnership. However, if the co-owners provide services to the tenants, a partnership exists.

 

https://www.irs.gov/instructions/i1065#en_US_2021_publink11392vd0e339