Usually though there will be one loan on the property and each tenant is jointly and severally liable (with recourse financing). 

You can't however "joint venture" or "partner" with another wholesaler and market a property they have under contract. 

@Alice Chen, no, I meant that if the property is already assessed at over $1 million, then only the first $1 million of transfer is excluded from change in ownership under Proposition 58 if you do it by Feb 15, 2021, and so you can transfer whatever percent that adds up to $1 million of assessed value.I think you are describing a joint tenancy, in which the “original transferors” are treated as the owners under Proposition 13 and 100% of the property is transferred to the “other than original transferors” when the “original owners” die (basically, creating a joint tenancy to add a child is treated similar to a will) (BoE rule 462.040 https://www.boe.ca.gov/proptax...).

It is next to another STR I have, and having both would allow me to offer joint bookings and access a wider market to house 12+ people. 

I think the issue would be the ownership structure in relation to passing something on - if someone who owns the property dies, is it inherited by their multiple children and then you have to navigate all of their schedules and desires, or is it owned in joint tenancy -- if you happen to die before you sell your shares you are just unlucky because the ownership is redistributed to the other owners and not passed onto heirs?

Unless you have the ability to scale, the cost per hour of time spent you would make more $ working at your local burger joint.

Just a square joint.

If I get a non married couple or college kids for a Joint Tenant then I charge them each $35.

Similar to a 401K loan, you can also look into a Margin Loan if you or your partner have an individual or joint taxable account.

We tried to pivot to the USDA route but either we make too much money to qualify jointly and our DTI is too high, OR if we tried to purchase individually we dont have the right DTI to cover the mortgage payment at the current rate.Im going to speak with my lender in the AM and make sure we have the final clear to close.