Multi-family Househack - JV Agreement Questions

[Eric Chiang]

Hi BP Community,

Rookie here. I'm looking into Joint Venture Agreement templates to create for my next househack (small multi-family property in San Diego, CA). Will be looking for a partner to fund the downpayment, while I do the leg work (finding deal, closing, managing rehab, finding tenants, etc.). Currently have one friend who showed interest, but nothing is solidified.

Here are my questions:

• Does anyone have a Joint Venture Agreement example/template that they are willing to share, that would work in California?
  • Note: Will get/find an attorney to look at the finalized document once I create it.
  • Started to create a template from legaltemplates.net, but wasn't sure how creditable it is
• Given my scenario, any advice on additional provisions I should include/consider in the agreement?
• Any additional considerations/general guidance?
• Thinking bigger, does anyone have any experience/guidance going into a joint venture agreement for a househack, but for a CRE multi-family property (5+ units)?

Any information helps, appreciate it!

Eric