I was thinking this was probably enough, but you bring up a good point about ensuring these things are also laid out in the operating agreements, and ensuring we have a plan for LLC dissolution or buy-out for those joint properties.

If the next 6 months you need to do a joint venture with an experienced person.  

I would set it up as a Joint Venture that splits profits one way and ownership a different way and reduces risk from the partner.

.: Quote from @Jimmy Rojas: Hey everyone, I live in Phx,Az and would like to get a loan for my 1st real estate investment (in Phx,az and surrounding), issue is I doubt i could get approved, I been in the car business a while and have about $20k in my bank, about $80k tied up in my vehicle inventory for sale, I currently average $4k to $7k  total profit a month, my brother who owns the used car dealership and a lot of property could  be a co signer Im looking at homes $250k+.You could actually do a Joint Venture with your brother. 

Here is some basic advice for donig a Joint Venture. Treat it as a business, even if they are family or friends. You need a written agreement as to how everything flows. Who is the money investor and their responsibil...

Once the property's financials are more stable, you could refinance with a more traditional mortgage product.Partnership or Joint Venture: If financing is a challenge, consider bringing in a partner or forming a joint venture.

It seems like it's more attractive to developers  or fix and flip investors, but I haven't done a deal yet so I'm not quite sureWhat are you guys thoughts on wholesaling, private money lenders and joint venturing?

Thanks for the response @caroline  @Caroline Gerardo we live together and file taxes jointly married so I guess that answers my question on the separate FHA, being not likely.

We file a joint tax return.I put this question here to see if this is even practical or possible to pursue?

Lender REQUIRES the insurance remain in seller's name joint payee with lender.