I am open to joint ventures.

.”* Some kind of joint venture or common interest development.

Married filling joint.

Additionally, I am open to partnering with other interested investors, especially those looking to support a first-time entrepreneur like myself.Please reach out if you are interested in advising an aspiring investor or even jointly pursuing a new real estate opportunity.

My understanding is that whatever "net income" I have from my rental is taxed at whatever income tax bracket my wife and I are in.My wife and I file jointly and our taxable income puts us in the 25% bracket, so my understanding is that if we make say $4000 net income from our duplex then we pay $1000 in fed taxes on that.Are you saying that is incorrect?

Do we both record 50% in our own separate QuickBook accounts or do we need a joint account now??

a joint venture agreement would be best 

The age is part of the local neighborhood quality without degrading the asset to an inferior condition.Here is a discussion on MFR asset classes...it gives aome key points for what makes up the quality of an asset:https://www.biggerpockets.com/forums/311/topics/797178-multi...

Joint venturing, paying a larger sum at the end, hiring contractors on credit are some ways I know.

  ( I don't want to just make my money on the land-- I can do that myself by selling it) What joint venture terms/structures would work for something like this?