PM me.My main concern is setting up something incorrectly that is going to cause headaches down the line or leave tax benefits on the table.Top Level Info:- Located in Texas- Married filing jointly; we both have W2 jobs- Converted primary residence into rental, placed in service on 3/15/2019- Rental Income is labeled as "Passive Activity", "Active Participant"- Net Income reported is showing 0- Loss of ~4,400 (paid 2018 property taxes in 2019)- Using TaxActGeneral Questions:- Qualified Joint Venture: I set up the business under me only.

My understanding is the difference between TICs and a single entity structure (LLP or LLC) is that a TIC interest is easier to sell and transfer and you can escape filing a joint partnership tax return.

One of the main points of the course is to teach how to become a joint venture entrepreneur developer.  

Every joint venture starts with everyone singing kumbaya, but they often devolve.

We jointly own this property, so we may end up putting one or both owners on the title.

I would recommend a joint venture approach with a local.

You need to look into joint ventures for your first couple of deals to get some money for more deals.

List rentals at senior centers, newsletters, bingo joints,websites etc.  

Otherwise, I hope to be considered on my own.I currently work away from home, while my wife and baby live in our jointly owned home in St.

Please let me know if anyone likes to jointly sign up this event, so we can both save half of the cost.