Looking for Partnership Structure Ideas

[Eric Hempler]

It probably depends on the deal, but I wanted to get a better idea of how I might want to structure a partnership on a purchase. 

I'm also looking for some resources if you have recommendations. 

How this started was I was looking at the idea of starting a syndication. Then as I was moving along looking at things I thought about a partnership instead. 

I think for the most part I would be borrowing funds for the down payment. 

I could charge an acquisition fee to find the property, which I would use to pay for the closing costs, and then an asset management fee. The asset management fee might be my only monthly income and the cash flow would be 100% for the investors. So they would have a cash-on-cash return in the case. That's about as far as I got with the idea since I"m not sure how I would split the cash flow, if at all. 

I would probably refer out the property management so I can focus on finding more deals. 

My background is in accounting for the past 20 years at real estate companies, I've done some property management and appraised apartments. 

Looking for some ideas I should think about or maybe some resources I should look at.

Thanks