Hi @Paul Baldwin,Thank you for your post and for considering a property from Five Stream Ventures!

I've found that when I try finding other deal types or other business models or niches, I end up losing a ton of valuable time that goes nowhere. 

This is not my area of expertise, so wise people on this website will likely tell me not to venture into this!  

It looks like I may lose both investments. 

I'd venture to guess your tenant is a criminal or drug addict of some sort.There's some truth in your thought but he's actually a really nice hard working young man. 

If it was a community property state you could file them on Schedule E as a Qualified Joint Venture.

Hello BP.As part of me and my partner plan to establish a Joint Venture with an investor, we are moving forward with purchase of a property in JV model.We would appreciate clarification on the following points:1.

It sounds like you navigated the challenges well and gained valuable lessons for your next venture.

I would venture maybe $20k total, conservatively. 

Most investors make the same rookie mistake: They focus on problems instead of people.
Telling sellers everything wrong with their house and justifying your offer with repair costs doesn’t build trust—it kills it.
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