JV LLC)TIC (each LLC on title for its %)Pro: Keeps the door open for each party to do its own 1031 exchange later.Pro: Cleaner “go-your-own-way” exits; each side owns real property directly.Con: More signatures/consents on financing; lenders often require both TIC owners to sign loan docs/guaranties.Single “propco” JV LLC (both parties are members)Pro: Simpler day-to-day ops (one entity on title, one bank account by default).Con: Membership interests generally don’t qualify for 1031 exchanges, which can pinch you at sale.If future 1031 flexibility matters to either of you, TIC is usually the better fit.

Have you found it effective?  

Another option is pairing a small private loan with a rehab-friendly product, then refinancing into conventional or DSCR once stabilized.

Make money, save it, buy good assets (RE or index funds), and let the compounding effect of time take over. 

@Thomas Hartman what @Michael Smythe said is the rarely spoken truth, that there is no such thing as a "Good PMc", there is good PMc for you, good PMc for others, bad fit's and than just plain bad PMc's. 

@Sami Gren Your attorney's advice is not baseless, there is legal reasoning and precedent in NJ that supports the requirement that a rent increase/renewal notice should effectively terminate the old lease (notice to quit) while offering a new lease.

Is it more cost effective to do it yourself, even if it means adding to the time of the rehab/sale?

What are the best practices for suing a tenant for expenses related to eviction and recovery of costs to clean up after them when they leave a mess?

FYI; You don't waste people's time if you create a buy [box] and look at properties that fit it. 

Now that’s desperation, and pair that with working twice as hard (making twice as much income) as the next guy, and I think you’re gonna be in a great place in about a decade!