Here are just a couple of prior threads.https://www.biggerpockets.com/...https://www.biggerpockets.com/...As for your question, yes you usually want have separate companies for different business ventures. 

This will allow you to pull out your cash to move to the next venture while retaining ownership of the property and renting it out.

(Venture is the management company.) 

I am interested in joint venturing with other wholesalers, but I’m having trouble finding deals with any meat left on the bone.

The next venture I want to pursue is to buy and flip houses.

The next venture I want to pursue is to buy and flip houses.

@Vince Coffeen I think you should look into doing a joint venture with an apartment syndicator and get a lot more for your money.

I don't see a lot of appreciation in this area but I want to venture out into cheaper areas and I really like the town.

I am a new REI & considering a 50/50 joint venture on a STR.When considering funding, is it best for each investor to have a loan for their half of the costs? 

Which brings me to the last part of this post which is, if you do have a potential person or persons that are interested in joining in the real estate venture, and are interested in partnering in projects what is the proper way to approach sorting something like that out?