So if you find an opportunity, off market, then you can find someone who has 2 and 3 and joint venture with them and take an active role in the project to get the invaluable experience!

Also, as far as using the FHA or SONYMA, I believe only one of you will be able to apply for a loan like that (not jointly). 

I, personally, would not leave the lease as is, and anyone over 18 needs to be on it and jointly and severally liable.  

If you're ever looking to form a joint venture, I'm interested in finding something mutually beneficial.

They agency product (Fannie Freddie, FHA) typically has a 2 year operating history requirement in addition to net worth benchmarks, and more stringent reserve requirements.The non agency stuff including local and community banks are also more flexible.Consider joint ventures if you want to take down a bigger deal.

.- I could open a joint savings account, but as the primary owner, the interest would still be reported to the IRS as taxable income under my name.

I was thinking qualified joint venture, but then read that doesn't apply to an LLC.  

There are also other avenues available such as private investors ,friends and family capital ,as well as joint venture capital.  all of the above have pros and cons.Bluck

I'm looking to syndicate a deal with Joint Venture Partners to get into large undervalued apartment buildings(20 to 50 Units) with great rent potential & a decent Cap rate that can be quickly improved within the first year.

Daisy chaining and joint venturing with a lot of people complicated everything and made communication a giant game of telephone.