Seeking advise on partnership for buy and hold

[Charlie Gruber]

Seeking advise on partnership for buy and hold.  General idea is 50/50 partner in initial investment and 50/50 cashflow and appreciation.  I'm looking to create partnership agreement and any advise/suggestions appreciated.  Not sure it matters but looking to invest in Denver area.  Below are a few question I'm thinking about:

- I assume best to hold title on property in a LLC and we both 50% beneficiary of LLC?
- Is an LLC best vehicle for this or is a different business structure better?
- Are we both on the mortgage? 
- If both on mortgage does that count against each of our 4 "preferred" Fannie/Freddie loans?
- How handle when only one person wants to sell?  Could one person simply sell beneficiary rights in LLC?

Any other suggestions appreciated.  Thanks!

-Charlie

[James Carlson]

Hey @Charlie Gruber. I wonder if @Drew Fein might have some thoughts. She's on here and is a real estate attorney in Denver.