We live in Oklahoma and file a joint return.How do we set this up to avoid paying self employment tax on the rental llc return?

For example if I'm doing a gut rehab and I'm taking measurements for a bedroom I would like to know how much insulation, sheetrock, joint compound, trim, baseboard, paint, etc I should buy.  

Does anyone know or have a template for joint venture contracts specifically tailored to co-wholesaling?

Another suggestion made to us is that if we (husband and wife) in joint tenancy own the membership interest of the LLC (instead as 2 individual), would the LLC be considered a single member LLC and thus become a disregarded entity? 

But if you have cash, I would look at being the money partner and do some joint ventures with some experienced flippers or maybe even lending as a second mortgage holder.

Even though the income from the property has been reported on our joint tax return for over 15 years (farm lease).

Through a Joint Venture agreement utilizing SDIRA funds How did you add value to the deal?

I simply wanted to know if that is compliant with CA's RE bureau, for future reference.Last message (txt) was from listing broker/dual agent that that Escrow was opened, and so I dropped off the 10K check to the Escrow company indicated in CAR form's Joint Escrow Instructions, which shares same exact address as Listing Broker, just a different suite letter, ie B in of A, and haven't heard back from dual agent since, but assume once contract is executed, brokers move onto their next deals and become 'scarce'.Anyways I had asked for 4wks close then 3wks close but broker kept 2wks close on the offer as its cash so let's see if we actually do close on their preferred timeframe of 2wks which would be 2nd week of Nov; there are NO contingencies other than Title clearing so I see no reason why the heck not, yet remains to be seen!

I use Joint Ventures when needed, but self owned is best.

Do a Joint Venture with a cash investor (family, friends, etc)