@Mike SteffenYou don't need to be a partner in his company to trigger a 1065 obligation.The mere agreement to share profits of a venture might rise to the level of a general partnership and trigger the 1065 obligation. 

I can DIY a lot of things, but refrigerators are too heavy for me.How do you move yours?

There is a DIY addition on the house that was way out of whack.  

Budgeting Cap Ex with % tends to drive you to lower rent properties.Everyone's opinion of what a  C neighborhood in Milwaukee varies, but I'd venture a guess your maintenance budget at 5% is a bit low. 

It's just venturing into the unknown that can seem scary.

I'm currently just in the smaller multiunit realm but at some point I'll venture into some larger apartment deals.

This is something I would never try to do DIY.

Hello Everyone, I am coming up on graduation from Georgia Southern University and will be starting my real estate venture at the same time.

One good resource on the topic is this article on Joint Venture LLCs.

HOWEVER, HOWEVER, HOWEVER.... first, it will be YOUR burden to prove too the SEC that all of the business owners are proportionately doing work in the new business venture you started and second, you can only do this with about 4 or 5 business partners because the SEC has said that anything above that, it is impossible for all 6 people to be doing all the work.