My mother and brother went together and jointly bought a property using a SDIRA LLC each. 

You can extend that lease if both parties want to continue the joint venture. 

I find with time, they always leak, as the joints just don't stay sealed as well.

An example is a group of companies trying to come together for a joint venture.Parties to non-disclosure agreementsThe parties to the NDA must be parties who have a legitimate interest to protect in the subject of the NDA; these parties with interest are also the only ones that can be bound by the NDA.Depending on the type of NDA, the classification of parties differs.The disclosing party: this is the party that already has access to the sensitive information that is to be protected by the NDA.

@Jaron Walling, yes exactly we would partner up and buy the property jointly.

I hope this makes sense.Have you thought about doing a joint venture with another investor?

I'm not saying the next light bulb won't be invented (it took 10,000 tries) but plan on a long slog to make it happen in real estate.We and our Joint Venture partners use a fairly sophisticated spreadsheet with a lot of automatically input variables and at the end of the day, it is still experience and second guessing the market that works best.

Hello all,I am trying to determine what I can contribute to a potential joint venture involving myself, another investor, and a builder.

Don't knee-jerk and think it's necessarily a terrible thing.

If I create an LLC, can I still deduct rental depreciation from our joint W2 income?