Joint Venture with Dad

[Ross Bernard]

I currently own one rental property and would like to add more. I am in the process of getting my broker's license and have quit my job, so I no longer have the reportable income to qualify for a conventional loan. However, I have ample funds to invest, excellent credit and low debt ratio.

My dad would easily qualify for a conventional loan. How can I (legally) profit from the rental while using a conventional loan? Form a partnership LLC?