Partnership Financing Question

[Jeremy Sanders]

I want to make sure I got the full understanding when it comes to Partnership Financing.  Please if anyone can fill in the gaps. 

1.) Fully Equity Partnership is mainly used when flipping Houses.  You use the funds of others to fund the deal, you do the work with rehabbing, renting, and managing side of the deal and both you and the initial investor whom invested their funds split the profits 50/50.

2.) Down Payment Equity Partnership- The investor funds the down payment needed.  The investor will then get the mortgage in their name, but the legal title will be in both yours and the investors. You both will then split the profits 50/50.

3.) Private Lending Partnership - ( ??)  This one I'm alittle confused on.

4.) Credit Partnership -  A person lends his ability to get a loan but doesn't supply any down payment. You would then use a hard money lender or another private lender to purchase a property, including repair costs. After the home is rehabbed, rented, and producing month-after-month cash flow, the initial lender refinances the home into a fixed-rate, long-term mortgage using his or her great credit, but both remain on the legal title for the property.