In most states, if you are "practicing real estate" (this will be defined by state law, but it generally includes advertising,  showing, leasing, and selling real estate) for other people, for compensation, you need to be licensed as a real estate agent or broker. 

If you decide to take this route, I would recommend speaking with a RE attorney about structuring the partnership in a way where all parties have clearly defined exit strategies. 

@Kelly Beasley imo if you do a 50/50 jv split on all profits then both of you should invest the same amount of capital and ideally share the workload equally by defining roles, etc.

You will want to define your buying criteria (size, location, cost, etc.). 

The key is having a clearly defined criteria and knowing the neighborhoods well so that you recognize a good property when you see one. 

The elections in November will be the defining event of the next few years.

You will meet and work with electricians, plumbers, carpenters, HVAC professionals, painters, cabinet vendors, countertops vendors, just to mention a few of the components in a successful project.

After removal of the drywall and floor coverings the wood structure and framing would be treated with a surface applied water-based encapsulating sealer to help prevent the release of any odors that have penetrated into the wood components.

This has to do with the roof and the foundation being the most expensive components of a structure.

Could someone please define these terms and explain the similarities and differences?