One key take away that I heard in this episode includes; Asking partners how they want to structure the partnership, as opposed to just dictating terms. 

I think it works for anyone who has pass through income but I'm not sure how you have to be structured to take advantage of it. 

As it goes in the area, the building is a little shabby and run down, and could use a decent amount of cosmetic work, but appears to be structurally sound.

@Alex Tokmazeyskiy - I think it really depends on your needs as an agent and how exactly you plan to use your license.If you plan on becoming a full-time agent and making it your sole source of income, I'd probably suggest linking up with one of the bigger firms (Coldwell Banker, Baird & Warner, Keller Williams) with properly structured training.If you are looking to just use your license as an investor, then maybe finding a smaller boutique broker with lower commissions is the way to go.

Various ways to self-manage, structure partnershps, etc. 

How do you structure the pay out?

Clearly, they are open to inspection contingencies, and assuming the first buyer told the seller why they walked, now the seller has knowledge and needs to disclose active mold and potential structural issues.

But I could definitely use some structure.

How would I legally create a Fund, what legal structure would that be?

Hi everyone! 
I'm working on closing a deal with a partner and I want to make sure our JV agreement is set up good so we don't have any issues down the road. Does anyone have any tips on how to properly set up a JV a...