Each individual occupant's name, "Joint and Several?"

Building rapport and showing genuine empathy will separate you. 

When bringing partners into a purchase like this, do we just form a corporation specifically for these properties, or would a joint venture agreement suffice

Say it’s coming from the buyer’s parents… If they are married, filing jointly, they each can give $15,000, or a total of $30k without any gift tax.

If you and your wife file a joint return then the property is being reported on the one return. 

Hey Curtis,If you can find a genuinely good deal you will be able to find a partner easily.

For the two private-equity funds that I started with partners to buy notes we use a fund administrator and their accounting company since the complexities of a multi-member LLC with different investors capital accounts and balances it's just not worth our time to do our own books.I also operate many joint ventures with individual investors to purchase non-performing notes in each venture.

If a tenant was in the property and zero issues were reported   and water was turned off at the time current tenants left said property .. poor plumbin(or some other factor) but water hammers at the joints is what I am hearing from what i can read from what is said ... and yes pressure test is a true thing I use them on all vacant usually.forclosed properties ... it's usually the only test I require on vacant properties 

When my wife and I bought us a new house without selling the old one, the mortgage went in her name only, and they used income from my business that I would transfer into our joint acct.

For example, my understanding is that if there is no entity, then you are in a general partnership by default, which means you'd have full liability for your partner's actions.On the other end is a joint LLC, which is complicated and costs money but may be the best for a long term partnership.