I still want to get in on this deal because it is such an opportunity though.My idea is to approach the seller again and offer a joint venture where we leverage the home to secure a renovation line of credit.

If you're not willing to deal with challenging tenants, evictions, constant repairs, etc.

Every joint venture has some problems.

Just a heads up, there are a lot of older homes in the area with slab/foundation issues that may not necessarily be in a flood area but due to settling among others issues they can get constant water damage if they don't have a system set in place to prevent it.

Littoral rights, riparian rights, types of tenancy (joint, by the entirety, in common, etc), principle of accretion, how to calculate acres from a plot plan, calculating mortgage payments - none of these are useful in your practice.They said that the MA test is a 4 hour exam, but 35 minutes after I walked in to the testing room, I was out on the sidewalk with a license in my hand. 

Others start texting me constantly and emailing me constantly.

Don’t just dump it into a bin. "  I live in a historic house, in a historic neighborhood where we are in constant stages of renovation and dealing with lead paint is common.   

Is it just easiest to form an LLC, and a joint bank account and go from there?

I have a VA loan on it now, which I am constantly checking Bankrate for a good rate for conventional non-VA, non-FHA loan.

It sounds simple, but it's increasingly hard to do with DevOps and constant updates to APIs. 3.