I'd like to add in a note or two...Before the passing of the TCJA, Justin's statements were pretty widely accepted - generally speaking, S Corps were the way to go for active businesses like flipping and wholesaling to help mitigate SE tax.Now, with the new tax law in effect, the Section 199A 20% QBI deduction throws a wrench into the plans.There are already a few great threads about the Section 199A deduction on the forums, so I won't beat a dead horse on that but I will say that it certainly should make everyone rethink their entity structure.If you fall below the income threshold for the QBI deduction ($157,500 for single filers; $315k for married filing jointly), it might be more beneficial to forego the S Corp.

I'm trying to find someone to possibly do some joint venture deals to speed up the learning curve. 

You can install expansion joints but most people don't like them.

Different because these "pasty" dishes they serve are basically like fancy hot pockets)-Craft 64 (Small neighborhood pizza joint.

We file our taxes jointly.

New York has different types of joint ownership and in some cases, you need to hire an attorney to settle disputes with partners when disagreements arise i.e.

Look at your filing basis (single, married filing jointly, etc.) and your AGI (adjusted gross income).

I have worked for numerous Brokers that owned in excess of 100 units individually, and in various joint ventures/partnerships with other family members and or clients.

Often times they also require a business license and business inspections for this joint living situation.

The other issue with having a joint account with cash in it, is any claims against the contractor could be made against that account, doesn't matter that the contractor borrowed the funds.I don't suggest the joint account approach.