We have filed taxes in in 2019-2021 as a Qualified Joint Venture since we are a husband and wife general partnership.

Once you have a deal that meets your criteria, pull the trigger and submit an offer.

Maybe not relevant advice based on your ideals but all I’m saying if feeling stuck and if buying a house is an option and your on a career path where you could do it again and again in your 20’s, then I would STRONGLY recommend it to you simply pull a trigger.

FWIW, I consider growing enrollment in local colleges, special partnerships that involve local government and businesses, population trends, and defensive industries similar to those in the financial markets. 

We currently have a potential deal, but looking for lenders that loan to LLC before pulling the trigger and unable to pull out our capital invested.

What type of partnership are you looking for?

, or if we should form some sort of partnership (LP, LLP,LLLP??). 

I imagine the JV would only state what we agree to do as a partnership, however, the deed would say both LLC companies as 50% tenants in common ownership. 

Hi @Alejandro B.My 4th unit is basically new construction -- it's a converted garage that became attached to the main structure during construction.I had to add fire alarms and sprinklers to the new construction 4th unit, but did not have to fully sprinkler the existing units because I did not touch them.A big renovation to convert an existing 3-family to a 4-family very well might trigger the need for a full building sprinkler system.

They are hard to come by and he also has a strong interest in real estate investing, so we have the makings of what could be a really great partnership.