I've bought most of my rentals utilizing vendor carry back financing (for a zero down option)Utilize Your Network: Use your connections for off-market deals and creative financing.

Carry out extensive market research to identify neighborhoods and property types that suit your financial goals.

@Matt W.I think the benefits for the 1031 is obvious, especially since you are carrying a bunch of deferred tax liability.Its fine to change your investment tack. 

Those scary looking guys with neck tats that work on those large steel erections at a petrochemical refinery.I don't carry, but peace is always within my reach.

What responsibilities does each partner carry?

Sure, about one in 2000 times, by someone experienced enough to recognize a very unusual situation, having the capacity to act on it, having the financial strength, experience and tract record to be able to attract the needed capital, having the knowledge and ability to structure the deal, having the ability to manage and or reposition the property after purchase, and having the capacity to carry the negative cash flow until turning the property around or obtaining lower cost financing.  

@Carrie Herring The mobile home is very old, so you'd be looking at the land.

Tell the tenant that his opinion carries zero weight, so he must submit proof from an ACCEPTABLE expert to support his alleged foundation issue.Until then, he will be held liable for the terms of his lease, to the fullest extent of the law.

If you are okay with it, just let me know whether I can direct message you and we can carry the conversation from there.

I will likely be financing this, which is why I need to make sure it covers the carrying costs plus some.