McGaughe" on the subject.There are state and federal laws to consider.From the SEC website:The federal securities laws define the term accredited investor in Rule 501 of Regulation D as:a bank, insurance company, registered investment company, business development company, or small business investment company;an employee benefit plan, within the meaning of the Employee Retirement Income Security Act, if a bank, insurance company, or registered investment adviser makes the investment decisions, or if the plan has total assets in excess of $5 million;a charitable organization, corporation, or partnership with assets exceeding $5 million;a director, executive officer, or general partner of the company selling the securities;a business in which all the equity owners are accredited investors;a natural person who has individual net worth, or joint net worth with the person’s spouse, that exceeds $1 million at the time of the purchase, excluding the value of the primary residence of such person;a natural person with income exceeding $200,000 in each of the two most recent years or joint income with a spouse exceeding $300,000 for those years and a reasonable expectation of the same income level in the current year; ora trust with assets in excess of $5 million, not formed to acquire the securities offered, whose purchases a sophisticated person makes.The aforementioned is personal opinion and none of the content should be construed a binding offer or agreement.

(Please do not hold rental properties in an S-Corp - the tax issues around that can be a  nightmare).Your brother can receive a fixed amount (or a percentage) each month and that gets allocated to him in the JV (Joint Venture) records. 

Hi all!I am getting into my first BRRRR but curious about how to find someone to partner up with seeing as I know a lot about it but have not done it myself.Any advice is appreciated!    

Where do you keep anything that is a joint holding?

I'm married and we'll be filing jointly. 

if you are trying to break into brrrr'ing I would also recommend that you find a mentor/coach or do a joint venture with an experienced investorto learn the ropes.

Then thin out joint compound and roll it on with a 1/2 nap lambswool roller and use a troel sqeegee off amazon or magic trowel from sherwin williams to smooth it.

We do not have any joint accounts and he has no association with the LLC, but I still don’t trust she couldn’t come after me.My concern is that since he and I do not own a primary residence, which an LLC is designed to protect, the duplex as my main asset and source of monthly income would be at risk. 

Learn about landlord insurance, umbrella insurance and renters insurance.As to checking accounts, a personal account would do, a joint one if you have a partner.

This might cause you a legal head ache.2.