I find syndication and/or partnership provides a higher return in OR.

As for you and your wife being members of the LLC in partnership, you may want to discuss whether that is the best option for you after reading this: http://www.21stlawoffice.com/business-articles/married-with-llcs-when-one-or-both-spouses-are-llc-members/

The entity must select a designated broker who is an officer, manager, or partner of the corporation, LLC, or partnership.

Read any of Garrett Sutton's books on LLCs and Partnerships so that your business structures in the future look good on paper.

Purchase price: $245,000 Cash invested: $35,000 Partnership between my fiancé and I and my parents.

I'd connect with other investors who buy properties through partnerships and see what contracts they use, but you always need to consult an attorney when creating a contract, even if you use one provided by another investor.

Has anyone had experience creating a JV partnership with a contractor partner?

Over these months, I quick-flipped a house, did three short-term private money loans, and am currently ironing out a 4-Plex house hack via an FHA loan, not mentioning the various deals that didn't play out or fell through (including a partnership for a trailer park at a tax foreclosure auction.

@Cody DeLong very good CoC, interested in chatting further on partnerships

I would like this group to be a area where we can learn, brainstorm, partnership, share advice and encourage each other to achieve our goals and then exceed them beyond our imagination.