He said he liked the idea of us doing a Joint Venture on a house. 

I have some questions regarding joint ownership with a non-spouse family member.

I would also be interested in doing a joint venture with another investor if they felt this was a good deal.

If he doesn't have the money and is thinking he can make it on future unemployment benefits, he needs a reality check.Since the three roommates are jointly and severally liable, it is your duty to inform all of the tenants.  

The property was owned by two joint tenants, a mother and daughter.  

@John Hixon@Douglas Dowell````````````@Benjamin HerrickJohn and Douglas are great attorneys.I "vet" attorneys for my coaching clients.I ask questions like:Are you familiar with the following:-Real estate brokerage laws-Rehab contractor agreements (scope of work)-Sub2 and land trusts-lease options-wrap around mortgages-notes-dodd frank-safe act-installment sales-foreclosures-what the Attorney Generals Office does not care for (eg foreclosure rescue programs)-eviction processes-joint venture agreements-Reg D Securities-private lender issuesNot 1 attorney can handle all of these, and it is my 30 year opinion that most re attorneys can only do traditional cash sales.

On my JVs, although its not for a rehab deal, but for construction, I define net profit first, all income less all expenses, then profit split, dedicated joint checking account on both companies, monitored by a third party bookkeeper reviewed by cpa, little expensive and unnecessary expense but keeps the lawsuit away.

Creating a joint tenancy with a spouse or de-facto partner.

The edge of the full drywall sheet is tapered, so that lets you have a cleaner (less bulging) joint where new meets old in the middle of the wall - so less noticeable.

A gap at a joint between sheets might just be sloppy installation where the sheetrock was cut to the wrong size and the hole filled with something which gave out.