Hi Surfsup

I agree with the other posts
1.find out your goals
2 set a strategy e.g buy and hold, renovate and sell or some combination
3 find a good accountant, they are worth their weight in gold
4 find a tax/property solicitor to draw up a unit trust with corporate trustees
– you can use it to income stream and is tax effective for capital gains tax
-it can employ you
-it is expensive to set up but it can save you a lot of money and heartache in the longer
 term
make each property a separate JV agreement. this allows more flexibility to alter your income/profit division.
– you can borrow and use the money to invest it in the unit trust as equity on the units
5 do not use a partnership
6 do all of this before you start investing. it is difficult and expensive to change any corporate structures later esp stamp duty payments if you change ownership arrangements

good luck-