But, people tell on themselves when answering simple, straightforward questions.

Perhaps it’s as simple as that. 

However, a simple security system would deter this.Personal Safety -  I assume you are using their ID to run a background check and deciding if their history affects your safety, correct?

You and the other posters here have been generous in indulging me in this exercise of considering this "partnership" / BRRRR, but demonstrating that we can invest successfully on our own power before seeking out partners is not only my strong preference but just sound business logic.As a new investor my head starts to spin when I start to think about investing, and the many gaps in my knowledge reveal themselves: how to structure a partnership? 

If you're a newer investor, unsecured private funds will most likely be your best option, however it wont work for a simple buy and hold.

Dan,The process to create an LLC in Illinois is pretty simple.

The proper answer is "it depends" I don't know anything about your case.I do prefer simple over unnecessary complexity.

lots can go into this somewhat simple question and most of it is personal preference.- you'll want to define "best", and what that looks like for you as a success.- How much money do you have to spend?

Each lender will be willing to provide a ballpark rate quote with some simple info such as FICO score, property type, location, term, and desired LTV.

To match them, I use a formula Sofa: solid color textured pillow (2) + patterned pillow (2) + solid color (2)King bed: 26"x26" pillows (3) + lumbar/body pillow at least 48"L (1) - I'll do a print + a solidQueen Bed: 26"x26" pillows (2) + lumbar pillow 36" (1)Twin/Bunk: 14" x 20" lumbar pillow (1)In outdoor spaces, I keep it simple and match the pillows to the rug.For artificial plants I source from Nearly Natural, Wayfair and Home Depot.