Everyone is jointly and severally liable, so if rent is not paid in full, then the entire lease is in default.

This Friday I am closing on my second fourplex in the same neighborhood, this one as a joint venture.

Im an investor looking to joint venture with wholesalers on their deals.

For 2018, they are:$24,000 for married joint-filing couples.$18,000 for heads of households.$12,000 for singles.This seemingly benign change can adversely affect vacation-home owners, because their allowable itemized deductions (including those for vacation home mortgage interest and property taxes) may not exceed their standard deduction amount for 2018-2025.And in Hawaii… Short term vacation rentals come with an additional tax burden of 10.25% in Hawaii, the Transient Accommodations Tax (TAT).

I have built a relationship with several possible le joint venture partners.

If you want lower risk you can lend to the partner and charge a below market rate and then have a joint venture agreement where you get a percentage of profits.

There is also the issue of who a beneficiary is behind the ploys of using family or entities, who benefited from that note, if you and your wife have a joint account, your spouse isn't really a separate person as you have marital interests. 

When we bought our first income property we opened a regular joint checking account at PNC Bank, which was the bank where we opened a HELOC to fund the new property downpayment + closing costs, and also the bank for provided us with a mortgage for the new property.

On at least half a dozen occasions I drive by and see them doing a joint cookout with my AIR BnB guests. 

I am interested in how everyone sets up their joint ventures.