What is the difference between a Joint Venture and Syndication when it comes to financing a larger real estate project?

He had my LLC and myself as co-borrowers. no big deal, I have joint responsibility on my credit.

The PM also does direct deposit by ACH into my checking account and so I don't have to deposit checks.

"joint and several"2.

If your have a GA partner has nothing to do with the OH properties, then you don't want OH properties in the LLC that you own jointly with said GA partner.I've seen out of state investors use out of state LLCs for Ohio properties or use Ohio LLCs for Ohio properties.

Systems Built: vetting and selecting contractors (goes without saying how important this is), writing joint venture agreements (which helped immensely in this project), building contract document packets (for holding contractors accountable), processing hard-money lending (must understand the nature of this form of lending), creating initial material management processes (this is one expense you have total control over), selecting builder's risk insurance policies (must haves and what to know about coverages), managing the finances of a project (this is critical to control and tough to implement), and more.Placed this property under contract in late Dec 2016, closed near the end of Jan 2017, allowed the previous owner to holdover with rent back for a about two weeks, and began demo a few days into Feb. 

If you do decide to take in unrelated roommates, make sure your lease includes a joint and several liability clause. 

Hi @Ivan Rubio, if you plan on being a "team" so to speak and joint venturing on a number of properties, you would want to set up an LLC with each of you being a member.

He collects my rent thru AppFolio via ACH.

3) It might be better to do a joint venture - a short-term partnership - with a prospective partner to see how you both get along and then see if a long-term partnership would make sense.