Are these business partners where you are growing a portfolio together or are you just trying to get your foot in the door?

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

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

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

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?

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 will either sell outright or consider partnering.

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’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.

My business partner and I went into contract on a 4 family property in Framingham, MA.