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I'm somewhat with skater; mixing investments and family is perilous. Check out what happened to this family featured on Selling Houses Australia. They rented to the wife's BEST FRIEND and her 7 kids and they trashed the place, destroying the friendship and almost bankrupting the family. On...

If they're paying 75% rent for access to 75% of the property, and the remaining 25% is retained for your use (storage or your own stuff or something?), then I assume you can only claim 75% of costs incurred, right?