This is my latest venture.

@Ran IarovichUsually, its advisable to have separate business entities for different business ventures. 

When we started this venture about 8 years ago we purchased two properties in both of our names (we didnt understand the Fanny-Freddie rules yet). 

No one ever expects to lose money so loss sharing is almost never discussed in most of these small, initial ventures, but I bet you guys have some kind of implicit understanding about what would happen if the venture lost money. 

What do I need to know before pursuing this venture?

I feel like I got everything I needed, from the great instructor to venture forth now with our first Short Term Rental. 

ChapinTo me, the only advantage is branding and/or if you are doing other ventures. 

Interested in starting my real estate venture.

The LLC would enter into deals as a JV, joint venture, with other investors directly  or with their LLCs.

They are very open to share big mistakes they've made in the past...this will help you better understand some of the pitfalls to avoid in your investing venture.