And yes I was watching the youtube videos of these CPA’s.If this is the case, we cannot qualify as real estate professionals, we cannot also qualify as active investors since we exceed the gross if filing jointly.

I am looking to joint venture, or partner in other ways, with other investors in the central NJ area. 

@Jessie Huffey, a single member LLC is typically disregarded and you and your husband would be seen as the tax payer for that property if you file a joint return.  

--> Shall we open a joint business partner account so renter pay to that account?

The federal tax information is correct if you are only lending and not participating in the project as a partner or joint venturer.  

All the builders ive talked to in Cape are giving me prices  (100-110 a sqft) that wouldn't make me anything when i resell because thats what the houses are already selling for....Im open to joint ventures with builders or Project managers whom i would pay a fee to over look the project or anything else.Thanks for any input

I'm new here and eager to get my feet wet in the game by doing joint ventures with open minded investors in Atl.

They're on the agreement as joint tenants.

The situation is that two friends rented the unit, both of their names were on the lease as joint occupants.

I used a guy on fiverr for $800 he did a three scenario analysis and has 10+ years of underwriting. we did it for one floorplan that we build in Columbus Ohio called the Lillian and it shows if someone was a lender on that deal, a joint venture partner, or a retail person.