The time to be awesome is here!

[Arriston Worthy]

Hello BP family,

I would like to first thank you for all the advice that you all have shared and for the helpful videos. I have been researching for 5-6 months and I've also gotten a old childhood friend who a army vet. interested as well. 

So we both looked at the idea of partnering under a LLC and using his VA Assistance to purchase a rental duplex / triplex. I would be able to put most of what I could into repairs. We also agreed to place the deed in both our names while we both manage the property. We also discussed percentage on how the cash flow will be split.

Questions: 

We would we both get tax benefits from joint owning, are there things to considering when partnering with someone with VA, and what are things we need to consider when partnering?