Good luck on all your future REI ventures.

If that's true it'd be mighty fine of you to not do any of the above and move on to a more legal business venture.

Still, the lease agreement does not allow us to build equity in the building.How does this lease/sublease sound as a venture for three first-time rental investors?

I'm an American (Minneapolis, Minnesota MN)The Intended DealAlfonso and I want to JV (Joint venture) a houseflip together.

Is it possible to form a joint venture or other form of non-entity partnership to make this work?

Everyone we have networked with says we must have skin in the game to do any kind of joint ventures/learn from them or even join a team, which we would love to do, however we basically gave our life savings to a family member to deal with a health battle.

Listening to the podcasts and reading I think my first venture will be house hacking.

Best of luck in your ventures!

@Geoff Cavender All the answers you are looking for are already here on BP - you should read these:How to Effectively Conduct Joint Venture Agreements as a Real Estate Investorhow-do-i-properly-construct-a-purchase-with-a-partnershipcreate-an-llc-for-first-partnership-best-way-to-do-sotaking-on-partner-s-and-limiting-our-liabilitesIf you still have unanswered questions after that, you need specialized help - talk with @Scott Smith.

"I hope I won't get audited" is not a strategy for success.Secondly, I will caution that there is information on the internet about "partnering with your IRA" such that a joint venture is setup.