Most of my other properties are small commercial.I've got a decent amount of equity in what I think is a sizeable portfolio for my age & stage, as well as access to some private money, but have been coming to the conclusion that a joint venture(s) would be a great way to accelerate acquisitions. 

These costs tend to reduce your annual cash flow, so I would venture to say that your first years of ownership will most likely produce your best cashflows.  

My question is, it' my first venture.

I am looking to start wholesaling and really understand that and how it works before venturing into other areas of real estate investing.

Good luck in your venture and if you ever need anything around Lejeune let me know.Semper

A question about managing from overseas was posed directly to me, but I will post it here in case it is helpful to someone else.I own a joint venture condo with another military member in Atlanta.

Some of my goals: I would like to buy and hold with the focus on getting as much cash flow as possibleThe Seattle market is a little expensive so I am willing to venture off into other areas! 

I don't want to do the leg-work flipping houses any longer, but I enjoy being in the game.I would like to setup a system where I would Joint Venture with an active flipper for a few projects each year.

Fortunately, one of my partners in that venture is a lawyer and she helped figure out the legal ramifications. 

I would venture to bet that the HOA only meddles in peoples intimate affairs when the HOA decides they do not like the owner - that is when they pull out the rule book and start to play 'gotcha'.