Would you JV with somebody i’m just one house?

[Joe S.]

So I have JV with people before if it was a quick In-N-Out transaction such as a whole sale ect. Other than family I've never JV with somebody on a property that would be held long-term.

I have a property that I have contracted that I am considering possibly inviting a friend into the deal in exchange for a very light down payment, most of which he would get back in a couple of months. The challenge is if we done it this way it would be like I was creating a long-term partnership on one house. I'm a little reluctant to be involved with someone long-term over one house. I definitely wouldn't want to create an LLC over one house due to extra bookwork and tax prep. Maybe I'm overthinking this and this would be easy Peezy no big deal.
 

What’s your thoughts?