Buy & Hold partnerships?

[Steve Wilmers]

Looking through the forums, it seems that most of the partnerships that I read about are typically involved with flips instead of buy & hold properties.  

Has anyone considered joining forces with a partner to purchase a larger buy & hold compared to purchasing a smaller property on your own?  I'm hoping to purchase a two or three unit in the next couple of months before the snow hits, and could really take advantage of a nicer property in a better location if I were to join forces with another investor.

Looking forward to hearing both the good and the bad!