However, as the above authorities demonstrate, a partnership for federal tax purposes is broader in scope than the common law meaning of partnership and may include groups not classified by state law as partnerships.

However, it does not help your case to find a partner when you keep stressing how you know nothing and are totally new.You really need to at least demonstrate that you have done gotten some education and know what you are talking about.....and have a good deal in hand.

If the situation permits, demonstrate how the noise travels by putting them in the downstairs unit while you stomp around, yell, or close doors/cabinets.

Aside from the obvious benefit actual experience brings to the table, so does being able to demonstrate to debt & equity capital and the development team that you have a credible track record with favorable odds for success.3.JV with an experienced developer demands that you have established the value of the land (option 1) AND that you know how to “play” it in terms of structuring the JV.

The insured didn't like that so he hired an attorney and spent $5k which resulted in me successfully demonstrating to the attorney why his client wasn't entitled to reimbursement.Long story short, be sure you to understand the risks when buying property with a PIP. 

@Dan Hawker, You need to hold that property long enough to demonstrate that your intent in purchasing it was to hold for productive investment use (not simply to resell). 

To get a hard money lender interested you demonstrate your exit strategy to sell in less than 10 months or prove you can refinance out- this you cannot do with land.

But you must be able to demonstrate that your intent was to hold for investment. 

Sure, lots more than you being its your first, but that record doesn't demonstrate him to be some sort of expert.splitting the income/expenses-profit/losses by equity is usually the best. 

You have to establish yourself as an expert and demonstrate that you know exactly what you’re doing including the market, cost, exit values etc. it’s more about you your competency and the relationship then it is the deal or the returns.