So you might want to read on these articles/threads:How to Effectively Conduct Joint Venture Agreements as a Real Estate Investor596231-how-do-i-properly-construct-a-purchase-with-a-partnership591376-create-an-llc-for-first-partnership-best-way-to-do-so526244-taking-on-partner-s-and-limiting-our-liabilitesSecond, @Dustin Beam and @Thomas S. and are correct in the strict sense of your question - no tax advantage.

However, if you’re willing to put in the work and conduct the necessary research you can probably get a higher ROI in real estate than you can in the stock market!

Hi, yes Chuck, you need to do some thinking about how you want to conduct your business.

Also, for example, know that there are Tax Sales conducted in which you can purchase properties, subject to NO-REDEMPTION PERIOD.

LOL - I'd say she's virtually guaranteeing that result if she continues with her conduct.  

For insurance and liability, we don't allow any business to be conducted out of our units.

Consider obtaining your Real Estate license to avoid any costly litigation as a result of conducting RE transactions without a license.There are MANY here on BP that wholesale without a license, but unless you are purchasing the property yourself, and then selling it yourself, you are placing yourself at risk.  

It would definitely be impossible to conduct my business with integrity if I were acting as 3 different participants of the transaction.

I too am a investor in the Sacramento area and am looking to grow my portfolio through multi-family units, would like to discuss your goals with you in the area.I also can put you in contact with my buyers agent who has a great understanding of the Sacramento area (helped my find my last purchase) and goes above and beyond to help me conduct research in the many neighborhoods of Sacramento

So if you decide to conduct business in that area I would definitely like to know how that goes!