Protect yourself with a joint venture contract agreement.

You can still have your joint venture agreement.

In this case, married filing jointly we'd be able to exclude ~90.41% (660 days /730 days in 2 years) of $500,000, equating to being able to exclude gain of up to ~$452,050, correct?

Here's a really good source on explaining the difference. https://syndicationattorneys.com/articles/joint-ve...

Arranging expensive legal documents such as a Private Placement Memorandum is usually cost prohibitive on smaller deals as it will make up a relatively large percentage of your actual invested equity.With a small amount of investors it is usually best to structure a deal through a joint venture rather than a full syndication. 

If the numbers don't add up and this was your primary for at least 2 out of the past five years, you could sell it and take any gain (up to $250k if you're single, $500k if married filing jointly) tax-free.

Once I deduct the malpractice and get my SEP, HSA, and other deductions, I fall below the married filing joint threshold of 315k. 

Think how can I build relationships (add value to others) now that will benefit me in 3-5 years from now, and be genuine and authentic in your approach.

I was still confused for a number of reasons:1) I receive no documentation informing me that he was signing his interest to another party 2) The purchaser sent me a completed California Residential Purchase Agreement and Joint Escrow Instructions with individuals with new buyers and the previous buyer listed as broker3) When I asked the Original buyer additional information about the new contract - he threaten to sue me for breach of contract because he stated I was refusing to sell4) I didn't understand this new agreement - so I wasn't willing to sign any documents until I had a better understanding5) The new agreement (CRPA) stated a deposit was rendered and other things about that I would be responsible for which I wasn't under the original purchase agreement 6) I didn't have any contact with the new buyers and was only able to continue talking to the purchase buyer.About two weeks after much back and forth, me and the original buyer decided that I would not be moving forward with the buyer he had identified and the house will remain on the market.

My goal is to wholesale 4 properties a month of of my own as well as 4-6 per month with my nationwide joint venture team.