Does anyone have any tips on how to properly set up a JV agreement?

Thank you for the tip!

Columbus is tricky at first but can be broken down and simplified in the long run.

Good morning everyone!
I am wondering if there is anyone out there who would be interested in mentoring me to help build upon my understanding of forming a Limited Liability Company. 
A bit of background about mysel...

Most leases will contain something like this:If Lessee fails to pay Rent, or otherwise Defaults under this Lease, Lessor may use, apply or retain all or any portion of said Security Deposit for the payment of any amount due Lessor or to reimburse or compensate Lessor for any liability, expense, loss or damage which Lessor may suffer or incur by reason thereof.I would not expect to give it back in this case, because essentially they have broken the agreement, but again it depends on the language of the lease you've had them signed whether they are "entitled" to it or not.

If housing inventory is low or too pricey in the ‘hood you’ve set your heart on, you’ll only be in for disappointment after disappointment.Be proactive and expand your search to other neighborhoods that may offer the same amenities, such as walkability (handy tip: Check out the website WalkScore.com to see).

Hoping that the BiggerPockets community could share any tips that may be of value for a situation like this.

I was also told to sent rent high enough so that tenants don’t get overly comfortable.Any other tips for a prospective LTR in CA?

I'd highly recommend listening to episode 218 of the BiggerPockets podcast, as well as reading, "Driving for dollars: 5 Tips To Easily Find Off-Market Distressed Properties" by Chris Feltus.

Thanks for all your tips and info.