I planning to buy and hold.Property CharacteristicsType: SFR - Year Built: 2004Bed: 5 - Bath: 3Sqft (Structure): 2893 - SqFt (Lot): 6400P.S.

I found some that are free and clear and was wondering how to structure a lease purchase - balloon vs make an owner finance offer rather than cash offer.

It could be structured to pay to zero or have a balance upon maturity which is balloon.  

The house is structurally fine and its been treated for all pest. 

I'm interested in better understanding the structure of JV partnerships.

I will say this..most agents have no clue how to structure it properly. 

And for other reasons, it's important to know what the debt service is so you know how to structure a deal. 

Now, on that side (loan from bank), I have no idea on what that means, or how they are structured, what is allowed or what is not.

The main reason is liability protection, but as @Terry Alexander mentioned, when you structure your entities correctly and do so working with lenders, it does open you up to a much larger pool and world of financing.

If it's more than that, we figure out how to put some structure so everyone gets to meet folks they'll be excited to meet.Personal opinion: it probably doesn't make sense to ultimately aim for a separate organization outside the existing REI groups, but we all have BiggerPockets in common and it'd be nice to meet others on here.