Hello BP, does anyone have a joint venture agreement template that they could share or possibly  a website that they use for their legal forms.

It makes a much better joint and doesn't take any longer. 

If the property is jointly owned you can mail the joint property holder using the mailing address provided when doing a property search from your local county assessor.

Because REI is a long game, focus on getting started with small, actionable steps.Some people start REI with a joint venture (LLC).

Our primary strategy is STR, but we have backup strategies if that falls through.After much discussion, we do not intend to create an LLC at present, primarily because we believe insurances properly mitigates the liability risk.I have two financing questions.1) I suspect I’ll be able to get a better conventional loan interest rate than we could get jointly for various reasons (slightly  better credit, mortgage history, and W-2 income).

We can't tell you how to structure but read the links and see what IRS rules- no free big gifts someone pays the taxes...Can the family member purchase the property with you as Joint Tenant or in a Separate Living Trust ?

In regards to taxes they would have to be over $24k for filing married jointly as that is the new standard deduction if I am not mistaken?

You may be able to do a partial exchange for the other units that are investment property, but it's important to speak with a tax professional or real estate attorney to determine if this is feasible in your situation.Section 121 Exemption: This exemption allows you to exclude up to $250,000 ($500,000 for married couples filing jointly) of capital gains on the sale of your primary residence, provided you have lived in the home for at least two out of the past five years.

My guess is that your Docs state that a Unit owner is jointly and severally liable with the previous one for all of the balance of the account, including court costs and attorney fees.

@Randall Alan - find out how you, or if you are married and file jointly, your spouse can qualify as a "real estate professional".