Looking to form a partnership on a house purchase and have never set one up before, so I thought I would turn to the best resource for information in the space...

You could form a C Corp and use your 401k to fund working capital for your business. 

Hi Kyler and Sean, I'm interested in finding 2-6 other guys to form a mastermind with (1M+, similar to GoBundance), focused on all aspects of life, business and money included (US based, Virtual: Google Hangouts, Zoom, or FaceTime, etc).

Calculating ARV is just as much an art form as it is science/math.

Monthly Income:$3,600Monthly Expenses:$2,886Monthly Cash Flow: $713.72Pro Forma Cap Rate:7.00%NOI: $25,188Total Cash Needed: $7,200Cash on Cash ROI:$118.95%Purchase Cap Rate:7.00%PROPERTY INFORMATION4-plex  (2 bed 2 bath units)Purchase Price:$360,000.00Purchase Closing Costs:$7,200.00(2%)Down payment: $0 (VA LOAN)Loan Amount: $360,000.00Loan Fees:$0.00Amortized Over:30 yearsLoan Interest Rate:2.300%Monthly P&I:$1,385.28INCOMETotal: $3,600EXPENSESGarbage: $40.00Vacancy: $360.Maintenance: $180Cap.

If you’re looking to invest in Massachusetts or New England in general we may be able to form a partnership.

In my opinion, many new investors underestimate the monthly expenses required to maintain and manage OOS rentals and nearly every turnkey pro forma you look at will be bogus.

I'm not sure why you're hesitant to form a new LLC, or amend the current documents of purchase to add them to the LLC. 

In general, depending on the form, a title policy does not cover a loss resulting from an unpaid utility bill unless a notice of it is recorded in the public records. 

Perhaps you guys can form a partnership or an LLC.