Are you not allowed to have a joint venture where one person provides the cash and the other finds/runs the deal?

Just starting a new joint venture on a 1940's home and will be using some of that for the flip!

I decided to do separate leases for each room, but you can also do what's called a joint and several lease.

I wouldn't recommend doing that.If the subfloor is too soft then the click lock joints on the lvp may not properly engage when you install it.

She is separating from her husband, so it seems tax returns are no help because they filed jointly last year so income is combined on there.I am curious as to how others have handled this if they have encountered this situation. 

Hi @Arturo BorgesThis happens all the time, we call it a "joint venture".

The tax issue is insignificant, and if you are married filing jointly, it is a complete non-issue.People always jump to LLCs, but in my opinion it is far more important to first focus on having proper insurance.  

If primary residence and they have lived there 2 out of 5 years they jointly can sell and avoid paying taxes on $500,000 capital gains.  

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If the property was leased by all tenants and one leaves, the tenants are all jointly and severely liable for the rent and they have the right to use the property as though no one/no changes have taken place.Great job on choosing tenants who understand their obligation to pay the full rent regardless of who might depart from their group.