I'm all for joint venturing but won't eat expenses on my end so that the next wholesaler can make more money as they flip it to another buyer.

We are considering Joint Venturing this project though, something we have never done before; and I've been getting feedback privately on that, but thought it would be good to address on BP.

Edit: One other possibility: we're your seller and the missing person vested with title as joint tenants with right of survivorship?

The most common materials which contain asbestos are drywall joint compound, sheet vinyl flooring (not linoleum), vinyl floor tile, floor tile, mirror, and other mastics, window putty, pipe, tank, and boiler insulation, HVAC duct insulation, asbestos-cement flues, asbestos-cement shingles (roof or wall), acoustic ceiling texture, stucco, roofing materials, and even sound insulation on steel sink bottoms.

I can tell you that you can have someone privately lend to your or Joint Venture in which they are not part of your entity but only partnering on a deal to deal basis.

In this case, it will be more beneficial tax wise to be classified as an RE Pro.Being an RE Pro becomes very helpful when you are married filing jointly because you can deduct your tax losses against your spouse's income. 

A Pro water cleanup crew will have an infra red camera that allows you to actually see where the water travels up the joints and internally...very interesting.

Cancel all joint credit cards immediately, get your name off her car, get hers off yours, work together so that you both have as decent as credit possible when the smoke clears.

In most Joint Ventures, the land owner will add the land into the deal as his equity share.  

@Peter Mikhjian  you are each separate taxpayers even if you file a joint return.