If you go the joint venture route, everyone involved needs to be active. 

We are about to close on our first real estate investment with another couple, where each couple will own 50% of the property.  It makes sense to me to have a separate entity to own the property and then we share owne...

I highly recommend you learn how to analyze a property for good returns, then consider selling this house and looking for a better investment.How to analyze investment propertyAs for your losses, it's HEALTHY to show a loss on your tax return.

There is a place for banks just like there is a place for hard money, joint ventures, partnerships, private money, etc.

(Source: Hargrave Custom Foundation Repair)And, control joints are installed before garage floors are poured - for the purpose of controlling how the floor will crack as the foundation settles.  

You have to set and adamantly enforce healthy boundaries.  

You'll need a partner (or multiple partners) that has some experience and/or a healthy balance sheet. 

I don't have anything to back this up and I'm not sure how I can but the other "proof" I have is their word that their reserve is healthy.

It basically means that prices are double of what they should be in a healthy market.

I can't imagine that would work long term.No, with a market tenant we would collect a single check and deposit it into a joint account.The difference is that market rents are self-reported income, whereas section 8 is reported to the IRS by the housing agency on a 1099.