Hi @Ivan Rubio, if you plan on being a "team" so to speak and joint venturing on a number of properties, you would want to set up an LLC with each of you being a member.

3) It might be better to do a joint venture - a short-term partnership - with a prospective partner to see how you both get along and then see if a long-term partnership would make sense. 

Up to 100k for a joint Solo 401k.Only gotcha is a 5 yr payback.Longer if it's your permanent residence...Mike

------------------------------------You might not be able to evict them immediately, but you can file a joint action against them (demanding both back rent and eviction) now -- use e-filing.

For example, if you live in the house for 2 out of the 5 years prior to selling, you may be eligible for the exclusion of capital gains tax up to a certain limit for single or married filing jointly taxpayers.

As far as filing, we have been filing jointly in the past few years.

As best as I can understand it, they "joint venture" with the seller.

Can someone please explain the difference between a syndicated and a joint venture

Syndication is when you are soliciting money from people you don't know.When you use money from friends and family you can setup Joint Ventures, or a simple Note & Deed of Trust (use an attorney for this one).

If we both sell our current homes and pool the proceeds for another home jointly owned, will we both face tax penalties or no?