The quality I can improve but once the limbs have hit 1 inch the value is impaired moving from A to B or lower quality.I’ll process logs, rough sawn, kiln dry, planed.  

Is this something you've ever done as an individual landlord, or is this something more for larger multi-family properties only? 

Then split bottom line 50/50 with the partner (individual) after all other expenses are paid.

Primarily, my work has been in small commercial retail buildings (new construction and tenant improvements) with some work in single and multi family projects. 

I have used LLCs individually for the properties that I've owned and I'm glad I did. 

We discovered the previous owner had dementia which explained most of the work we needed to do, Our short-term is improving that unit to rental standard, not necessarily adding property value as he and I are still drawing floor plans for Long term.Thank you!!!

One of the features I like from Pipedrive is that you can add multiple properties to an individual.

A JV structure is good for a one-off deal because the only commitment you have is to the investor(s) and that individual project or deal.So in part, the answer to your question depends on what your objective is. 

Given how the housing authority does their rent price determination on individual units, and government ran programs are never beacons of efficient processes, it can go either way.Note, the examples I speak of only relate to C-Class and below areas.

This group of 10 individuals has, through direct investment with us, and referrals accounted for over $65 million in invested cash in our syndications.