They're all on one lease, jointly and severally liable. 

There needs to be real clarity on what both of you stand to gain from the joint effort.What reason does your friend give for wanting to partner?

A partner and I own a rental SFR as Joint Tennants with 50% ownership each.

- What are some of the most important aspects of successful Joint Venture?

If you are wanting a shorter term investment, you could  bring cash to Joint Venture/partnership.

If you are married and file a joint return, the tax-free amount doubles to $500,000.

I have been tasked with removing a family member from a joint Tennant coronership. who fills out an affidavit of death and a preliminary change of ownership.

Robert,Not yet, but I'll tell you what I just got off the phone with one of my close buddys that practices real estate in Florida and he is open to doing a joint venture on an apartment building in Ohio.

They use under gauged wire, 2x2 walls, and inferior building supplies.

If you’re interested in doing a joint venture on a Midwest property we should chat.