Being new to a partnership like this, I would love to hear everyone's thoughts on a fair way to structure the partnership? 

I am considering investing in a home to Padsplit, but not quite sure what the best structure for financing would be.

This amounts to lost opportunity because if you had purchased RE, at the closing it can start producing return. 5) ADUs detract from the existing structure whether this is privacy, a garage, or just yard space. 6) this is related to number 1, but there are many more buyers looking to purchase homes for their family than there are RE investors looking to purchase small unit count properties.

Work with your CPA to allocate more value to land and structure.

I don't WANT to hide behind a corporate structure.

Alternative Solutions: If refinancing isn’t possible and a buyout is needed, consider a structured buyout agreement where the remaining partners gradually purchase your share, allowing you to exit while they assume full ownership.This post does not create a CPA-Client relationship.

This was so important to our business that we covered the cost of these consumable kitchen supplies for all our owners.

Looking for some advice on how to structure my first partnership.

It's not necessarily something to resolve or fix or perhaps even research, unless a lender won't lend on it because you don't own the surface rights so would not finance permanent structures there. 

One of the reasons there is short supply of housing is because guy bought a 5 bedroom in 1980 and he is paying $1000 a year for it.