If you have something to buy it's worth it, but don't force yourself to buy something you normally wouldn't consider...With that said you can be little flexible seeing as you're hypothetical buying power is greater (by whatver you'd "lose" to taxes).

I think we can help each other dial in this new venture.

Here's an example: look at how much of the job growth in SF is based on companies that lose billions of dollars a year and have no chance of ever making money.

Develop a joint venture agreement laying out the parameters of responsibility.  

I understand that its not mathematically the best solution because we lose tax efficiency, yada yada yada. 

We want to keep the group on the smaller size (capped at 10) as to not lose focus. 

These can be summarised as follows:What are the objectives of the joint venture?

Does anyone know of a way to write these Agreements so that I can waive the enforcement of some payments without losing the right to enforce the Agreement based on later breaches of the Agreement? 

Does anyone know of a way to write these Agreements so that I can waive the enforcement of some payments without losing the right to enforce the Agreement based on later breaches of the Agreement? 

You can still lose your investment in the LLC.