I don't find anything here that will impact me since I'm hands on and provide safe, healthy housing with hardly any issues. 

Healthy debate is good and well.

I'm trying to be the equity partner on a fix and flip joint venture with two guys.

The only joint ownership will be a 35 acre lot with gas well which will go into a separate LLC owned equally by all three siblings.  

This is so you can make sure you still have a healthy cash flow, but can purchase other properties if the opportunity arises.

Click the link below to see how this may work for you, and apply here on-line:https://nationalcc.wufoo.com/forms/hamilton-investment-properties/ We are interested in new property management assignments, syndications,  joint ventures, and funding SPECIAL NEED ACQUISITIONS nationally.

We tackled the other 10% and some Reno costs with our own money and we brought in an additional joint venture partner as well.

Married filing jointly usually makes the most sense for the majority married taxpayers as there are a good many "penalties" under MFS."

Create a Joint Venture agreement between everyone involved.

There was no promissory note when we executed the JVA, just the agreement itself, although the language states that "Developer shall acquire and hold title to the Property in his name but on behalf of the joint venture between the parties."