Quote from @Kevin Sobilo: @Steve Tokita, a couple things to consider:1.

Hi Ryan, Sounds awesome, me and my husband are doing our investments together also and really love to connect with more couples :) We are new to these areas and looking for rentals that works with BRRRR which is our main strategy, did you try to find BRRRR or do you prefer flips and STR?

Quote from @Havital Miltz: Normally you would set the LLC in the state where the property is.You have no tax benefits for setting up an LLC, it is more a protection from lawsuits and going after your personal assets, however not a guarantee....As a husband and wife you do not need to set up a partnership - IRS has special considerations for married couples for self employment, you could also apply that for a rental...Hope that helpsA joint venture is available to any 2 people co-owning real estate for investment purpose as tenant in common  under Proc. 2002-22 (unrelated to marriage) but it can't be owned in an LLC together. 

I work with a couple investor friendly title companies.

My spouse and I just went through all of that a couple months ago and ended up ditching Armed Forces Insurance to go with State Farm. 

He asked me to send them to him but shipping could be over a couple hundred dollars.Frank, this is a common tactic.

Unless you find some more fees to reduce that to $370 you will be exposed to tax on the $10k difference so just a couple thousand there.The extra $30k of depreciation will get rationed out based on the purchase prices of your two properties.

Hey Travis,I got a couple in Cleveland & 1 in north TX (about an hour outside of Dallas).

Just closed on a couple of properties a week or so ago.  

A couple questions first:1)  How many STRs are you involved with?