The individual either (i) expects to earn no more than $99,000 in annual income for Calendar Year 2020 (or no more than $198,000 if filing a joint tax return), (ii) was not required to report any income in 2019 to the U.S.

The main points that he made were to buy urban land in the path of growth, do a partial split, sell to a builder/developer, have them split the lot even more, carry the paper, do a joint venture or fixed percentage as they build each house. 

Does this apply if filing taxes jointly with a spouse that has income?

Do a Joint Venture with a friend from the REIA andBuy a house and make money and learn along the wayAnd Laugh, Laugh, Laugh that you didn't spend $40,000 on "feel good".

I am a US citizen, living in South Korea, married, filing jointly. 

We (filing jointly) would be taxed at the 22% bracket, but put away a considerable sum into our retirement accounts (401(k) and 403(b)) such that we're taxed at the 12% bracket.

In my opinion, I am not sure that Joint Venture is an appropriate mechanism for the type of business we operate in as Real Estate Investors.  

I know you already know this but you need a lease and one that has a specific addendum stating all the house rules that both the landlord and tenant jointly sign. 

You can use a joint venture agreement or a partnership agreement if you plan on managing the project where you are paid from the proceeds or if you have capital at risk.

I have been getting told by Registered Advisors(RA)/Registered Reps(RR) working under Broker Dealers (BD), the up front cost to buy into a DST runs 5-6% total for the joint BD&RA/RRas as specified in the PPM.