Not partnerships in the legal entity sense, but joint ventures where we share costs and labor. 

I'm wondering particularly about the margins: like say, if you had a Joint Venture role in the flip, and/or bird-dogged and/or helped a mentor in a material way with a flip... what is considered proof in those cases where you weren't necessarily the 100% driver of the flip?

It reads:In addition to any leasing, management or other fee payable hereunder, a sales fee equal to 6 percent if the Property is sold during the lease term or up to 180 days following the expiration of the lease term, to a purchaser procured by Agent, or to any entity affiliated with, controlled by or under joint ownership or control with such Owner or any of its owners or principals.How many of you have come across this clause before?

I am interested in connecting with others in my area- Chicago & West Suburbs (Naperville, Downers Grove, Hinsdale, Bolingbrook, etc) to discuss joint ventures or to just analyze deals.  

Hey Mark, I'm a new wholesaler in Atlanta and would love to do some joint ventures with you so I can get my feet wet.

Me and my dad have a joint bank account.  

It will ultimately flow through to your joint tax return.  

Banks don't want to risk foreclosure purchases so we usually use joint venture partners and private lenders to be able to buy at auction

I see a few solutions though, 1) You already have a ton of cash stashed and don't need banks or2) You have relatives or friends who will finance your projects or3) You understand Hard Money and how it works or4) You will be partnering and doing Joint Ventures or5) You will be doing Subject To, so you don't need banks or6) You have one amazing printing press that spits out $100 bills like candy (I don't recommend this one)And, by the way, Phoenix, Mesa, Salt Lake, Austin and a whole bunch of other places are better places to invest for safety and return than SoCal right now.

Yes, totally get the LLC for joint purchases.