Lindsey,Assuming they are joint obligated, it is generally the total income of the people signing the lease.

I started with my doctor and attorney etc..they have money not gaining good returns, they would love to invest in realestate,no time, good joint venture opportunity.

I have my first duplex up and running and am in the talks with others to joint venture and build the portfolio.

However, It's worth noting that mere joint ownership of real estate and rent collections does not necessarily rise to the level of joint business activity that constitutes a partnership.

At the very least, I'm sure they would have sabotaged my fence posts during the night while the concrete was curing.I'm not going to bother discussing a "joint" fence with the rental property owner, for a number of reasons – one being that my new fence would extend well beyond the existing chain link fence border, to cover the entire side of my house and well into my front yard, up to the allowed street setback point, and there's no way he would agree to share in that additional cost.

@Dan Handford, in my experience legal fees tend to become hefty when there is another general partner/issuer level entity joint venturing and that JV agreement has to be laboriously drafted because the syndicator and the separate entity both require control, but are unable or unwilling to partner within the same management company of the syndicate.

•The investment could be structured in many ways: secured or unsecured promissory note, joint venture, etc.

So, it really depends on the facts and circumstances, but this is something you may want to double-check.The issue with getting your own appraisal is that a lender may not trust that it wasn't done independently or jointly.

You're essentially asking the owner to be a joint investor in the equity of the flip.

Can we just have a joint bank account for that?)