@Colin Youn You might want to read these: How to Effectively Conduct Joint Venture Agreements as a Real Estate Investorhow-do-i-properly-construct-a-purchase-with-a-partnership591376-create-an-llc-for-first-partnership-best-way-to-do-so526244-taking-on-partner-s-and-limiting-our-liabilitesPrepare your partnership with these questions first:questions-for-capital-partners/real-estate-partnership-questions/questions-ask-investment-partners/If you decide to proceed, I think you should have an LLC formed going in a limited partnership with your(s) partner(s) LLC.

Our CPA is telling us we can't depreciate our two multifamily properties (purchased both this year) because our household income (married-filing jointly) exceeds $165,000. 

Do we open a joint bank account?

There's a word for that.With any lease involving more than one signer, include the words "jointly and severally" in your lease, along with a plain-language explanation of what the terms mean:  even if your co-tenant moves out, doesn't pay, causes damages, incurs violations or fines, etc, you are BOTH responsible.

However, we believe it would be wise to use the LLC and a joint bank account under the LLC’s name to track cash flow.From a perspective of reporting taxes, would the LLC limit us?

I am working on forming a possible partnership with someone who owns multiple lots (lots are SFH up to 16-unit apartments).  I have the construction contacts and access to funds for the ground up construction (1 build...

There are certain markets don't have great wholesaling opportunities-The margins may not be there-There may not be enough cash buyers is buying in the area-it may be a war zone@Devon GarbusIt's my humble opinion not to specialize in Wholesaling when you get startedInstead you should be a problem solver looking to be able to help people solve problemsLow equity deals that are pretty houses in good neighborhoods with good schools are easier than wholesaling Minor rehabs offer a possible joint venture with the sellerFree and clear houses offer the potential of an installment sale, with a low monthly payment and no banks"Wholesaling only" is a terrible business plan in many areas

You can advertise you have a contract for sale.Get a sale and purchase agreement that can be legally assigned and sold for an 1 to 2% assignment feeIf you don't want the rehabber to know how much you paid for it, find transactional funding or get on title somehow with private lender funding or find a joint venture partner to provide funding or get on title with Hardmoney lender funding so that you can buy at first and then resell it.Illegal Wholesaling only means that you're not telling the truth to the seller, and you have no intention of ever buying it, hence the reasons for all of this loud noise about illegal wholesaling.Wholesaling is legal in every state as long as you follow good business practices.

I don't really want to risk the due on sales clause resulting from a subject-to transfer, and getting a hard money loan to buy the house outright seems like a waste if i can instead setup some type of joint venture. 

As a virtual investor I would be happy to do all I can to get deals done, possibly in a joint venture structure.