I have seen a lot of debate from both sides, from lawyers to investors about this.  

However, it is a fully renovated turnkey so I guess that goes back to the hands off cashflow vs appreciation debate.  

I'm not trying to debate that turn key is easy or any of that.

We are debating flipping the property after the renovation, moving into it, or renting it out for $3,500/mo.

Yes, the adviseability or otherwise of this idea is in itself a subject for debate but my main concern just now is to get the JV right, at the very outset.

I'm currently debating between two markets.

I've been having trouble figuring out what range of interest rates I should plug into my spreadsheet when debating properties like these.  

- The HUGE debate on LLC or not: Oh Lordy!

There’s a lot of bad info on his thread about the internal working’s (members (sole-multi) and external charging orders or foreclosures of members interest I don’t care to debate with non-attorney’s, nor tax and insurance that are not licensed nor have experience in court in my state.

I am still debating if it is worth the extra effort for a real estate investor to get real estate license.