Your wife/husband/life partner/whatever gets a veto over tactics, risk, and purchases.

The judge will say this LLC is a sham and you and the LLC are the same. should I have a fake partner (not that the partner doesn't exist, but he contributes $1 to purchase the property) so that it's not a single member LLC?

@Marlie EvansMy firm’s managing partner works hand in hand with the IRS’ head of Depreciation if you would like to know the guidelines on the matter.

On the HUD statement, realtor gets commission and you and your JV partners would split the assignment fee.In order for this to work, the property would have to be deeply discounted OR you have a retail end buyer.

**Consider Alternative Options:** - If you can't afford an STR now, think about partnering with someone or exploring other financing options that might help you get into the STR market sooner.### Conclusion:Don't worry about overthinking it; it's good that you're considering all your options carefully.

**Other Ways to Flip:**- If you decide not to refinance, you could consider partnering with a local real estate agent who specializes in investment properties to get more exposure.- You might also look into staging the property or taking high-quality photos to make it more appealing online.- Another option is to list it on multiple platforms, including local real estate groups and social media.

Aj, as a PM business owner, do you have any suggestions on how to partner with a Sponsor?

@Sergio P Ramos:  When I started working on Flips, my first project was with a partner. 

Many investors in Nashville have remote portfolios, and building relationships here can provide access to mentors, contractors, financing options, and even potential partners who have experience investing out-of-state.It’s also worth mentioning that you never know when opportunities will open up locally, especially with Nashville’s evolving market.

My partner and I are just starting out with RE.