There's been several threads dedicated to Joint Ventures and there'a variety of ways people set them up.

One criteria where you are required to reveal is the reason is if it is based on credit.  

Removing wallpaper, painting, taking up carpet to reveal hardwood floors in good shape, updating lighting, door knobs, front doors, and landscaping are all good investments that pay back a great deal, and might not cost nearly as much as you think. 

@Bob Bowling, I realize that I am revealing my inexperience here, but I am curious what you mean: if not for cash flow, for what should we be investing?

There's a variety of scenarios that support a negative or neutral cash flow for the first year. 

With the 35 day model, there are a variety of factors that come into play.

I'm continually astounded when I learn people I 'randomly' meet also invest in the sector, and I've made a variety of nice connections and learned about myriad models/ideas in this fashion.  

Wow based on multiple input from variety of reliable contributors looks like Mr.Cohen is fraud and swindler, who run financial pyramid scheme using new investor funds to pay off old investors.

I bet you will be buying a house in no time once you start working with a lender that is able to offer a variety of loan products and outline the steps you need to take.

Of course during the sale of the property, the owner said all tenants pay on time, etc. but he revealed at closing that one of the tenants had not paid for that month.As written in the lease she signed with the previous owner, there can be a late fee assessed for this late rent.