When should I form this partnship and open a business bank account to pool capital?

Has your accountant ever done a syndication before?

Good point, I like to think of each of our rental houses as representing a bank account.

By being involved in organizations shows there commitment to being up to date on all the changes laws and market trends. 

My wife and I have been actively involved in real estate, flipping and also buying-and-holding for over two years in the Miami market, up to now we have acquired all of our properties through the auction.We are eager to expand to other Florida markets, with a special interest in Brevard County, Collier County, and Lee County, but we are open to others.

I obviously wasn't involved in your previous inquiries, but in this case it's possible that "our type of business" is being viewed as "a business that already failed once." 

You would have to have the funds "seasoned" which means in your account for at least two months so the funds do not show up in the bank statements used to qualify for the loan.

I don't see a ton of upside for you on this deal.I would not involve anyone as a partner.

Quote from Account Closed: Well that's good news.

But did you also take into account the transactional costs associated with selling?