With and LLC, the partners are not liable for anything personally.

Does it make sense to get a business partner?

If you have an LLC, ownership percentages are recorded and thus difficult and/or costly to change if an active partner is earning equity through actions.To give some personal experience, Lending and banking can be difficult at best, impossible at worst with a Land Trust.  

She does not have an on line mangement system though just sends a check each month with a little ledger of expenses.I have a client that runs a larger company and they do a nice job at least on all the deals I have done for them as a capital partner when I do the draws and look at my before and afters they do some really nice work in a timely fashion

Refine exit strategies and partner with experienced teams for a mix of flips for capital and multifamily properties for cash flow and long-term growth.Good luck!

If you can find a partner invested in your success—whether it’s a significant other, a parent, or even the BiggerPockets community—it can make all the difference.

Specifically in SC, though, I would check two things - 1) see if the ATI exemption applies and actually quote the taxes for that particular property on the county tax estimator tool, and 2) get a ballpark quote from your insurance partner on the particular property.

TLDR: I'm
buying out my house from my ex-boyfriend in Seattle (King County),
Washington and I'm struggling to find what the REET if I'm buying my
ex's stake in the house. Do you pay less if its only for half the...

I have several properties each in different entities, with different partners.

My business partner and I paid them $12,750 right after the roof was done, and this was for the total roof replacement plus half of the rest of the project.