One thing that is really nice about the BP forums is that when asking a question you will either get little response (indicating your question was too specific or poorly phrased or some other issue) or genuine responses.

See snapshot:I bought 8 properties since 1998, all in my name, some with joint partners.

We also discussed percentage on how the cash flow will be split.Questions: We would we both get tax benefits from joint owning, are there things to considering when partnering with someone with VA, and what are things we need to consider when partnering?

So --------------- here are some tips once you get that license ----hang your license with a small agency - let them know that you are more interested in investing than chasing listings and buyers.attend public auctions (learn that culture) meet the real investors - the ones with talent - money and skills -  let them know that you will refer them FSBO's, you will make offers for them on unlisted properties - that you will supply them with current and more importantly expired listings and bank salesunderstand and learn how to be a "Fiduciary Buyer's Broker" - this is a system of getting paid on unlisted properties - as a buyer's broker you can make offers on their behalf subject to their approval - let them know this is an auto-pilot program that will accelerate they profits in this business. get a written outline of what your new investors are looking to buy - how much cash do they have - how fast can they make a decision on a great deal - do they want to hold or flip - learn how to counsel - take it easy - take time to know and understand your new client - don't rush to try to sell them what is listed - let them know that you represent them - get them to share their goals with you - let them know you are willing to partner with them on some transactions learn creative financing - impress you client with your knowledge of the real estate investment business talk about and explain some of these concepts ----Delayed settlementNothing down transactionHybrid offersShow them what a Skinny Contract offer looks like - compare it with a standard offerStudy contracts - understand commercial - land - lot and business contractsExplain contract clauses that you will use to benefit them - like delayed settlement - substitution of collateral  - right to assign - simple out clauses - seller financing terms and methods - first right of refusal - automatic extension without renegotiating - delaying tactics - right of possession - 1031 exchanges - portfolio combing - joint ventures - tax sale investing - creative foreclosure offerings and how to profit from public auctions.You don't really want to education your clients - but you want to impress on them that you know what your are doing.Once you acquire 3-4 happy clients ask for a up-front retainer for your services - most will be glad to do this since they will see you as a PROFESSIONAL - you  know real estate agents are the only professional that don't get paid until they perform - be different - demand respect - be better than other agents in your community ---- BUT don't be a conventional agents - don't drive suspect around to look at properties - stick with investment properties and learn how to sell high end commercial properties.It took me many years of seminars, books, tapes - school of TRIAL and TERROR to step away from the agency stuff brokers try to stick you with - BE YOUR ONLY PERSON - be a knowledge - honest representative to investors - that's where the money is ------And they will come a time sooner than you think that you will BE YOUR OWN CLIENT!

Can she use the profits from that sale to 1031 exchange into a rental property that is only in my name if we were to refinance and turn that property into a joint title? 

@Seth McKinney, When you use the words "LLC partnership" it perhaps clouds the issues.If you and your wife file a joint married return then for federal tax purposes  you are both the taxpayers for that property anyway - or rather the tax return that reports the property is the taxpayer. 

Well I have a question regarding partnerships and/or a joint venture.

If you are talking about a stand alone place with a drive through,a fast food place like Taco Bell or a burger joint seems to go well next to it.

We have a joint checking account for which all bills/expenses are paid out of and income taken in is deposited.

If you're nervous about doing your first deal alone (I certainly am), then you might consider doing a co-wholesale, or joint venture, with another experienced wholesaler in your area.