Once written, the JV Agreement can be reused again and again using different addresses as you accumulate properties.As an option, You might want to put rentals in one LLC and fix & flips using a different LLC.You also might want to just have everyone have their own LLC and create a Joint Venture for buy & holds and a Joint Venture for fix & flips and each LLC joins or sells their LLC share as desired.LLCs require careful maintenance in following the Operating Agreement in order to retain their value.

My philosophy is to always try to retain tenants who have proven to be a good tenant.

If you choose to use LLCs, then you each have your own LLC and each LLC is a party to the Joint Venture Agreement (written up by an attorney) LLCs require careful maintenance in following the Operating Agreement in order to retain their value.

The leaning retaining wall doesn't have to get replaced yesterday.

The more value I ad as a wholesaler the the higher quality investor I seem to attract and retain.

In essence you're accelerating depreciation on your STR rental properties if you qualify for the MP - material participation rules.If you take into account the inflation rate, the benefit upfront, and the ability to defer taxes and retain more of your capital to acquire more real estate it can be worth it.

Would it work under that scenario for my dad just contribute necessary capital to the LLC in advance of the closing for the next purchase and then I use that capital along with my own cash in the LLC from retained earnings for the closing that is done in my name and then transfer the deed to the LLC?

A portion of the security deposit is usually retained at the end of the lease for cleaning and my pet owners have never challenged that.

Insurance companies retain the best lawyers and they certainly step up to the plate should a lawsuit be filed if you have the correct type and amount of coverage.

None is this is free, using us, or anyone else, and the internet or a book is not a substitute for retaining expert consultants and/or attorneys.