In Missouri, a married couple jointly owning LLCs is generally required to file partnership returns for each LLC, necessitating Form 1065 at the federal level and Form MO-1065 for the state.However, the IRS offers a Qualified Joint Venture (QJV) election for married couples, allowing them to avoid partnership classification by treating the business as a joint sole proprietorship.

Do some smaller dollar private lendingA property is too capital intensive and $20k will not get you very far.You also did not describe what level of risk you want to take, so that is something also to take into consideration when evaluating where to invest.

That just adds a level of complexity to everything.I think there is so much opportunity in the US, that why would you try to complicate everything x10, but investing in someplace like Spain. 

Agree to allow the firm’s “entry level” attorneys handle your cases or as allowed by law their clerks?

Personal Circumstances: Consider your comfort level with debt and risk.

Nor may appreciate your risk tolerance level.1.  

At a high level, real estate will make you about 9-10% (a 6% cap rate plus 3-4% in appreciation). 

Feel free to shoot me some high level particulars and I can keep you anonymous. 

Some costs MAY qualify as startup costs if the rental rises to a qualifying trade or business level under 195 as well.

It is a great business as long as you have some level as scale.