When selling your primary residence, you're eligible for a significant tax advantage: individuals can exclude up to $250,000 of capital gains from their income, and married couples filing jointly can exclude up to $500,000.

I never thought about joint a management company though.

Its under $250K.Its currently titled as "Joint Tenants by Entirety" with spouseI have been researching best way of LLC structures for multiple rental properties (plan to get more in future). 

Whether you're a seasoned broker with years of experience, a mentor with invaluable wisdom to share, or an investor just starting and eager to learn, we can all benefit from pooling our resources and knowledge.I envision regular meetups to discuss market trends and investment opportunities and collaborate on joint ventures.

I own 54 units myself and joint ventured on another 400 here in NWA and Ft.

I’m more interested in joint ventures, seller financing type of a deal.

If you know investors and contractors, find a great deal an investor is willing to joint venture with you on.

Currently we are targeting joint venture land contributions with land owners and working on site identification I'll shoot you a PM for Miami markets and we can talk further.

This would be just a simple joint venture contract can be templated online and then signed and notarized 

However, as the owner you still need to spend more than 50% of personal services and more than 750 hours on the real estate business on your own.Alternatively, short-term rentals are generally treated as active business income and therefore are eligible to offset w-2 income.Navigating the Real Estate Professional Rules"When measuring material participation, a married taxpayer is required to count any hours performed by his or her spouse, even if the spouse does not own an interest in the business or if no joint return is filed.32 While this rule is advantageous because it makes it more likely the taxpayer materially participates in the real property trade or business, it is a trap for the unwary in the real estate professional context, as discussed below in Step 3.""