With a joint, you have to wait on the Joint LLC to file your taxes.  

It is not complicated to do but it takes a long time, you need to sand 3 times with different grits then need to be on your hands and knees applying stain.

I know this post is super old but if you need any help or looking to joint venture on deals would love to work together! 

I did my first flip with only 2k, there are a lot of investors out there with capital and no deals, start networking and connect with these investors so when you do locate a property you can do a JV (joint Venture) with one of these investors.

Would love to joint venture if you come across any deals.

@Harjot Khangura @Eamonn McElroyIf he files jointly with his wife and his wife does the 750 hours/year required for the Real Estate Professional tax status that would be legal and the unlimited depreciation defensible, right?

The other 25% $3056 you could deduct in 2023 if you itemize but if you are married filing joint $27700 is the "flat" amount for 2023 that you would need to exceed to make it worth itemizing.

Have fun collecting from someone who peaced out a month ago.3) A landlord/manager should have reasonably priced resources, because not every repair bill is paid by a tenant.I would definitely not put basic faucet replacement in the same category of plumbing as soldering pipe joints behind a wall or installing pressurized systems.

If you file jointly, it will be at your joint rate.That's what I had hoped. 

Same with real estate - those that panic sold Spring 2020 would also now regret that decision.Having illiquid investments prevents investors from making emotional (short term knee jerk) decisions.The one property v multiple property issue cuts both ways.