How to Structure a Deal with Capital Partner? OPM

[Joseph Crunkilton]

All, 

I am looking to expand my rental portfolio with capital partners. Since starting my REI journey I have been approached by family members who want to go in on rentals with me. I've got teams in place to get this taken care of. My question is how have you structured deals like this? Do you use an operating agreement? How would you get financing?

I will be doing all the work and managing the property so it will most likely be a 50/50 ownership. I'd prefer not to use my LLC for this because I use that solely for my flipping business.

Thank you!