He had a specific bird dog method to work with him and earn huge profits but it had a huge upside and it was based on becoming a joint venture partner in comnercial real estate using his money (no joke and no bs - he even had other students in the room that had made money with him and had known him for years!)

Imagine finding Mr Don't wanter and being able to coherently offer them options like: purchasing subject-to current financing, wraparound, lease option, Or Joint Venturing to a mutually satisfactory outcome.  

The banks, these financial institutions, brokers ext people who like counting other people's money, have brought America to its knees with the amount of fraud they have commuted yet, there worried about whos living were.

For equity partnerships or Joint Ventures you will go with a K-1 statement for Short/Long Term Capital Gains.

We opted for the LOCs and here's what the numbers breakdown sort of looks like: LOCs: Between my husband and I, joint and separate, we have 8 unsecured LOCs and 4 credit cards (1 very low interest) to float all of our construction expenses.

Property held by husband and wife jointly with rights of survivorship does not have to be probated in the united states. 

I'm debt free too except half of my rental portfolio.Dave would suggest having a joint acct I'm sure.

IRC section 121 provides for an exclusion of up to $250,000 of gain ($500,000 for a joint return) realized on the sale of a home.

I make it clear that they are not tenants but are jointly/severally liable for rent and fees.

We file joint returns.