Ask them how many separate bank accounts that will require, and how much separate accounting it will require to prevent commingling of funds and piercing of the veil.I want you to ask them if you could accomplish the same transfer with a Joint Tenancy in Common WROS (With Rights of Survivorship), if they say yes, ask why they didn't suggest that instead, or tell you it's likely under state law all your assets are getting transferred to your wife anyways, for ****ing free.Ask them how an active trade or business can be a holding company?

I'm looking to buy a vacant lot that has a joint owner on the deed who are siblings. 

I was thinking this was probably enough, but you bring up a good point about ensuring these things are also laid out in the operating agreements, and ensuring we have a plan for LLC dissolution or buy-out for those joint properties.

If the next 6 months you need to do a joint venture with an experienced person.  

I would set it up as a Joint Venture that splits profits one way and ownership a different way and reduces risk from the partner.

.: Quote from @Jimmy Rojas: Hey everyone, I live in Phx,Az and would like to get a loan for my 1st real estate investment (in Phx,az and surrounding), issue is I doubt i could get approved, I been in the car business a while and have about $20k in my bank, about $80k tied up in my vehicle inventory for sale, I currently average $4k to $7k  total profit a month, my brother who owns the used car dealership and a lot of property could  be a co signer Im looking at homes $250k+.You could actually do a Joint Venture with your brother. 

Here is some basic advice for donig a Joint Venture. Treat it as a business, even if they are family or friends. You need a written agreement as to how everything flows. Who is the money investor and their responsibil...

Once the property's financials are more stable, you could refinance with a more traditional mortgage product.Partnership or Joint Venture: If financing is a challenge, consider bringing in a partner or forming a joint venture.

It seems like it's more attractive to developers  or fix and flip investors, but I haven't done a deal yet so I'm not quite sureWhat are you guys thoughts on wholesaling, private money lenders and joint venturing?

Thanks for the response @caroline  @Caroline Gerardo we live together and file taxes jointly married so I guess that answers my question on the separate FHA, being not likely.