I will be sure to talk it out with everyone involved to be sure I don't make any rash decisions.  

- If a partner needed to be brought in, how many JV projects would I need to be "involved" in to show a track record?  

I am planning to get my license as soon as I turn 18 and I was wondering if there is any way I can get involved in real estate while being under 18 and with no license but I also want to get paid?

There will be a promissory note drafted for the amount and the duration and interest rates.Is there a risk involved? 

What areas are you interested in getting involved in and what strategy (househacking, fix & flips, buy & holds, etc)?

The IRS could apply this doctrine if it appears that the series of transactions are structured primarily to achieve a specific tax outcome, such as avoiding taxes.Regarding the 1031 exchange, while in-laws are not considered related parties, the transaction could still be scrutinized due to the complexity and nature of the other transactions involved.

.- Legal and Tax Implications: This strategy involves intricate legal and tax details.

The LLC doesn't actually own the asset and most real estate lawsuits involve the actual property, so I'm unsure that it's providing you protection. 

If an attorney needs to get involved i currently don't have one, can anyone recommend one in the Houston area if need be? 

Could you send me your email (feel free to format it like “name [at] domain [dot] com” to avoid filters), and I’ll send you the link directly.Also, I’d love to hear more about your background:How long you’ve been in property managementIf you’re currently involved in multifamily investments or looking to expand into that spaceWhether you’re exploring tools for your own portfolio or considering something broaderLooking forward to hearing more and seeing if there’s a fit!