Title company is asking the EIN/TIN of the entity. 

You can also join a free session on Saturdays that teaches about entities and taxes.Anderson Business AdvisorsClint Coons Toby Mathis---The Tax Guy

If you form an LLC (or entity) to own the property that's the best way to go in with buddies but honestly it may become more of a headache.

I was told this would be an ideal package for me and would allow me to progress at my own pace to self learn about what I would need to to to maximize my tax deductions and would most likely include entity formation at extra costs. 

I am at 83 days; what do I have to do to file my entity classification with the IRS?  

If you have a good credit score and a business entity, you can use the equity from for your primary home to make up the difference in down payment.

Are you planning to create a business entity out of which you with either hold and/or manage this property?

What are other questions we should discuss in advance.any advise, any sample document.Thanks look at 10 joint venture deals before you do one. talk to others in other markets. if he isn't smart enough to negotiate capital or JV deals or structured finance I wouldn't touch him. every cost should be fully transparent with their margin. similar structures with investors in columbus we are the general and everything is negotiable. he should also be qualified talk to a bank first. we take title in a single purpose entity we are the LP less than 20% and the qualifier and the main investor puts the cash and gets the loan, I'm also licensed and normally sell to out of state investors. 

Then you simply 1031 exchange from the land and buy the str from the entity that is holding it. 

I called them and they said they cannot open a bank account in such a way that the owner of one bank account is another LLC entity (holding/parent), it has to be a person owning the account.How do you open a bank account in this situation, which banks have you opened an account with the above setup?