Help me structure

[Luke Glaze]

Hello experienced investors,

I have a question regarding how to structure my investments moving forward. 

I am a fairly new investor and I have "house hacked" my first three properties. We have been able to purchase each as an owner occupied and thus have put very little down. We will probably do this one more time and then move to standard investment financing in the future. 

We have two SFRs that have been rented with 0 vacancy, the first for over 5 years and the second for over 2 years. The last place we purchased is a tri-plex. We will probably buy one more owner occupied SFR in the next two years and settle in that one. I want to start purchasing SFR and small Multi-family homes as investments but do not know how to structure my investments. In addition, I have been talking with a potential partner about going in together to purchase properties.

How can I structure my future investment deals so that they do not put my families stability at risk and how can I structure a simple deal with a partner. I would most likely manage the properties and do most of the work since he does not live local. We talked about going in 50% each on the upfront money but how do I structure a partnership where I will be the working partner? 

Thanks so much for any help you can provide.