Do you suggest file 1065 or be treated as disregarded entity on schedule E. 

Taxes is not my area of expertise so I suggest readers consult with their own tax advisor on this subject. 

Suggest you do the same (even if they are two page documents).

Any insight from those who have done this or those that suggest we don't take this approach would be appreciated.

I would also suggest YouTube if you like to watch vs read.

Quote from @David Naphy: Hi BP community, I appreciate any and all suggestions!

Looks like is passed in 2022, effective this year.

Much longer report this time which suggests they are getting lots of questions and concerns particularly in light of having paused distributions. 

There’s no shortage of properties that could benefit from your expertise, and using your team during slower periods is a smart way to build equity and maximize returns.If you’re considering your first project, I’d suggest looking at duplexes in Belton, MO.

All the best, Steven  If you're going to do a partnership or even a joint venture agreement I would highly suggest using a competent lawyer to draft your business agreement.