One thing I have seen done with a lot of success is implementing a venture specific LLC for a deal involving multiple parties.

Now, I personally, would never start out a new venture by taking risks like that.

Or if I can take care of a pest problem DIY, I usually will.However, the clause in my lease leaves it to MY discretion as to if I will take care of a pest problem.I'm not an attorney and don't know the laws in your state. 

Most tax pros on this forum won't advise on specific scenarios that could be used by you to DIY your return because we don't know all of your facts, circumstances and goals, and because this is a public forum and we have reputation  and liability exposure.To further the conversation, I'd ask to you:(1) Do you have a CPA? 

When I sit down with clients, I always discuss (1) their personal assets, and (2) what their current investments portfolio and other business ventures are before discussing (3) their future goals.

Good Luck on your future ventures!

If they are passive partners (just investing money and not participating in the venture), and you plan to pool funds, you are treading into SEC territory and potentially offering a security. 

This is in one part a way to finance my investing ventures as well as a fall back should everything go South (Fingers crossed).

I am hoping to breach the condition of paralysis by analysis and finally get started on my highly anticipated/researched venture into long distance real estate investing.

If you ever make it up, or find something up here let me know.I haven't yet ventured to MSP investments as of yet.