How to structure STR Partnerships with family?

[Mason Jeffries]

Pursuing a second home loan/ STR with family. My dad is retired and is willing to be a co-borrower on our loan in order to have enough purchasing power to qualify for the deal. That will likely be his only contribution. He is doing this to help us, but also to make a few bucks aside from his retirement. I have yet to figure out what his contribution is worth, considering I wouldn't be able to do it without him.

Looking for suggestions from experienced investors on how to structure this deal with the lowest tax burden and liability. JV, Partnership, LLC, or none? How would you split this deal?

And yes, I will consult my CPA and an attorney as well. I haven't found an attorney who I am comfortable with. Most I've spoken to are condescending and treat my questions as stupid. On that note, any attorney recommendations around Knoxville TN?