Tip #1 - no such thing as one perfect market There is lots of data on Bigger Pockets and MTR experts that have released rankings of top cities for next year, but remember it's not just about the purchase-- it's also about the operation.

Tools like PropStream, Redfin, or Zillow’s market data can help you identify neighborhoods with high demand and favorable price-to-ARV ratios.

I've talked with some other investors who had bad experiences with other agents and reading some of the stories here makes it even clearer the right team is paramount.If you decide to look at West Michigan feel free to reach out and I'll give you any data you need.  

I'm one of the landlords that mostly uses the credit/criminal checks as a data point to see if they were honest with me prior more than anything.

These are really questions for your attorney - the more typical scenario for a jv like this is you have a new LLC where you are the manager of the LLC and the investor also owns a percentage of it.that way you don't have to deal with transferring it etc. 

That's the same chart/data I posted above.

Here's a link to the data:  https://mred.stats.10kresearch.com/infoserv/s-v1/vwxD-yIT2.

This is another reason why I see 1M posts on hear about people wanting to transfer properties to their LLC because some guru they paid $5k told them too.

Most times landlords don't have data or cannot adequately factor in vacancy time or turnover rate.

Look up market rental data to know if you're in a lower paying area.