There's nothing wrong with a joint-venture or structuring purchases/deals together with several people.

for 1031 purposes you and your wife are the same taxpayer if you file a joint tax return. 

I was working 10+ hour days knee-deep in mud, and doing a job in which I had no interest.

Tenants in common and joint venture. 

Looking at the joint at the end, it appears to be quick disconnect so maybe it's the retractable hose for the kitchen faucet.

An accredited investor is an individual who qualifies to invest in real estate syndications by satisfying one of the following requirements: an annual income of $200,000—or $300,000 for joint income—or a net worth of at least $1 million (not including primary residence).

Got sick of waiting on my handyman so I called a couple of pro plumber joints.

How would you write an LOI with partners without forming an entity together?  We're looking at doing an apartment together.

Start with a clearly defined joint venture document that defines all roles, capital splits, equity splits, timelines, and what happens when things go south. 

This is the case anyways, but it's going to be the tenant's knee-jerk reaction to say "You should have to replace my laptop since that pipe burst and it soaked my coffee table, where the laptop was."