I wanted to partner with some of my mentors so I could learn more about new construction without taking on all of the risks by myself.

Cash invested: $65,000 Limited Partner in the Regatta Apartments Syndication.

One way of making it work would be to partner with GC in a corporation. you can google RMO or RME.  

Bring these concerns to an attorney for him to draft the operating agreement.Some things to discuss would be 1) What happens if partner A Dies2) What happens if Partner A wants out of the partnership3) How long will this partnership last?

My business partner handles the property management side of things but they can be difficult to communicate with at times. 

Set up another LLC to have a 1% stake in the partner LLC.

I aim to invest in multi-family homes with my partner, using a buy-and-hold strategy to build our portfolio and expand over time.

I will either sell outright or consider partnering.

Hard money is typically all about the deal, so if you're bringing in 20% for purchase and covering rehab, you’ll need to assess if the deal can still make sense after those upfront costs.One potential workaround is to look for lenders who might offer 100% rehab financing based on the ARV, or you could consider bringing in a partner to cover some of that 20%. 

I’m also in the process of reaching out to people in my city/neighborhood who are experienced REIs, RE agents, and GCs to get their insight and pick their brains, start to conceptualize potential partners, etc.