I work  with investors that are staring their investment journey this way and they find that they can get control of a great property for a small down payment.  

Find a good property being totally mismanaged - offer to purchase 60% and take operational control selling your property management expertise and future profitability, providing property owner/seller with enough cash to pay off his pressing debts keeping current loan in place. 

Fantastic I wish I could say that  

There are many cases that I have seen where properties are in fantastic condition and have very low rents, and the Investor doesn't want to move forward because they're not making that cash flow today.

This setup works great for seasonal or mid-term stays during the offseason, and with Coloma’s location near Paw Paw Lake and Lake Michigan, it’s a fantastic spot year-round.

It's directly manipulated by the Federal Reserve via quantitative easing, yield curve control, and short term manipulation of Fed Funds rate.Over the next 40 years, there will be a Minske Moment when people realize that (without reserve currency status, and the ability to counterfeit our own currency ad infinitum) the U.S Treasury is an objectively insolvent entity.

Not sure who you could talk into doing this.. you lose all control..

But if you both want to own/control the properties it probably makes more sense to have a legal entity.

Within three weeks, we managed to coordinate all aspects of the sale, including helping the seller transition her belongings into storage and securing a solid offer.This wasn’t just a transaction—it was about helping a client regain control over her life.

It’s fantastic that you’re diving in and already making moves.