If you are borrowing money, you are going to be using equity of some sort.

In addition to that, though, there's several other LTR markets that offer pretty decent returns (6-8% ROI with $250+ cash flow per door is possible) for what you typically see in Florida, without accounting for appreciation

These are really questions for your attorney - the more typical scenario for a jv like this is you have a new LLC where you are the manager of the LLC and the investor also owns a percentage of it.that way you don't have to deal with transferring it etc. 

Typical utility bills (which we include) are $100-300/month.  

Mine typically do provide pictures of anything observed to be out of the norm when they arrive at the property to clean.Sorry for the confusion! 

They have a calendar where you join in and it's sort of a discussion format.

Quote from @Brandon Croucier: 20% down is terrific on land.It’s a non income producing asset which has increased volatility, typically I see 65 LTV max on land as of late.Thank you Brandon!

Yes typically you'll file the wholesale activity on a schedule C unless it was done in an entity (S Corp, Partnership, C Corp) but I see above you don't have these.

It was a typical house purchase deal.

I've made that mistake in the past and agree that it's not typically a tactful strategy.