I have properties we could joint venture on.

I'm a licensed broker in Alexandria just venturing into the rent-to-own arena, an option I feel is underutilized but would be popular in my area.  

I was largely inspired in this venture by several co-workers, at least one of whom has been massively successful.

No venture is worth the risk of incarceration or fines!

And they were the site that broke the 2016/2017 venture capital funding drought, and raised an impressive $20 million.At the same time, most of the investor feedback on them was not positive with several said they would not use the company again.

I am looking to invest in multi-family units while dabbling into other ventures.

I personally have dealt a ton with Quest IRA for note purchases with my joint ventures and they understand the process an what is needed to get the deal accomplished.

He told me that we can't do that and that it is a partnership.In looking at the IRS definitions it states:PartnershipA partnership is the relationship between two or more persons who join to carry on a trade or business, with each person contributing money, property, labor, or skill and each expecting to share in the profits and losses of the business whether or not a formal partnership agreement is made.The term "partnership" includes a limited partnership, syndicate, group, pool, joint venture, or other unincorporated organization, through or by which any business, financial operation, or venture is carried on, that is not, within the meaning of the regulations under section 7701, a corporation, trust, estate, or sole proprietorship.A joint undertaking merely to share expenses is not a partnership.

Being very organized will help you with your costs, but personally after organizing the job and timelines I try not to go cheap in my experience you just end up paying double in the long run.4) My best advice don't go running into this venture blind.

Was it a successful venture?