Partnering to get 3-plex with no money out of pocket

[Sam Epperson]

Want to partner to buy a 3-plex. We've just bought a house and can't be KP for the loan. I don't have a lot of money left after that.

The property can be lightly rehabbed in one unit to increase rents. Could also use further cosmetics on exterior, etc. There's upside in rents. 

i want to partner but couldn't sign for the loan. My dumb question is: who signs for the loan? Do I ask for an equity partner to sign for that, then I can manage it? (I could and would want to). 

2nd dumbass question: what's my exit strategy? It cash flows now, can cash flow better with upgrades. Do I offer an equity partner the majority of cash flow plus equity at sale, then sell in like 3-5 years? 

Without specific numbers, does this sound like a good deal?