As a Real Estate Professional, you can offset active and passive income, but your partner may only offset passive income unless he qualifies as a Real Estate Professional.

The primary form of diligence we see on the forums is "what do you think of XYZ sponsor and deal" whereas the common form of diligence in the space by institutional investors, large investment groups, family offices, and sophisticated investors involves following the sponsor for years, underwriting the deals, validating rent comps, background checks on the general partners, and a host of other diligence that materially de-risks the investments.  

We don't allow any "deal-making" in the forums, which includes advertising your services or properties, looking for partners, etc.

I'm not sure if I am prepared to buy a property in Columbus on my own, but I may be more interested as an active or passive partner. 

My partners & I are flipping in Chattanooga so I hung out there for a couple of days, meeting my contractor and agent for the first time; of course I went by and took at our flip. 

As a CPA and real estate investor who is a general partner in two syndications, I want to share some practical advice to set realistic expectations.

However LP's entity  both in Canada and the USA treated the same as flow thru's entities and that may be what he would want to create an LP to partner instead of a LLC.

or partner with a buyer for a flip? 

They have several other LLC's such as Home Partners that purchased properties at low prices and then quit claimed them to Guardian and then Guardian sold them to people who needed to 1031 exchange money into another property.

Great tools that get updated regularly.I am on the lending side of things and would be happy to hop on a call with you anytime to discuss financial strategies and help answer any questions you may have about nearly any loan product available to help you on your journey, even if they are not products my capital partners offer.We are all here to help you learn and grow.