How to structure my 2nd deal only this time with a partner?

[Nicholas Lohr]

I just completed my first deal using all my own capital and it is within my single member LLC. For my 2nd deal I have potential partner who is willing to finance part of the rehab.

What is the best way to structure the 2nd deal from an entity perspective? I'd like to keep in all in the under the same original LLC business name yet limit the partial ownership and liability so that the new partner only has an interest in the 2nd deal.

My goal is to not have to start a whole new company with a whole new name etc... Is this possible?