I've half-heartedly looked into this a little in the past but a recent email got me thinking about it again. That email was for a 1/5 spot on a 52' cat that would just be way too big for our interests. I'd like to explore the advantages and disadvantages of doing something like that with a 45' cat and would love to hash it out with someone who has experience.

Does anyone here have any specific experience, not just with owning a charter boat but owning it as a partnership? I feel like it's a big investment and a big risk that might be better is spread around. However I'm sure there are pitfalls I just can't predict.

I'm curious about requirements for proving non-passive income.
Total strategy in terms of not just getting in but eventual exit strategy. What's the tax exposure when you cash out of a fully depreciated boat?

There's some other stuff but you get the idea. I feel like it would be great for getting us on the water more often but I feel like there is an awful lot I need to learn.

Thanks to anyone who wants to be my voice of experience.

Dave