The property is also jointly owned by the spouses if that makes any difference.I've never dealt with this scenario before and would appreciate any insight.

This will give me something unique and different as it’s technically a healthy dessert item.

.- Roof and some inside remodeling was not permitted- Some cracks in drywall and flooring/wall joints- Lead based paint on front of home- Electrical wiring hookup outside of home is fire hazard and should be moved (so lengthen metal pole) - Not sure what the metal pole note means, but I was told moving electrical hookup is pricey.- Some termite damage in main house (will need tenting and underground treatment) and shed will eventually need to be replaced due to damage.- Electrical panel not attached to home, so failed 4-point inspectionAs I will be sprucing this place up for Airbnb, it will also need cosmetic work like landscaping and some painting. 

This will give me a healthy cash flow.

I learned a lot about how to texture a house with joint compound.

Would an LLC or Joint Venture be better?

LLC or Joint Venture ?

LLC or Joint Venture ?

The incredibly low interest rates have certainly helped keep the sales market healthy, especially the townhouse segment.  

Just out of curiosity, do you prefer doing deals alone or do you prefer joint ventures with other investors?