Your focus should be on growing a profitable and sustainable business, and rarely does this correlate in anyway to the size portfolio you can grow  as quickly as possible.Before you concern yourself with your partnership agreement you should revisit your investment thesis and strategy. 

Just be aware of the for-profit clubs.

The biggest challenge is continued profitability. 

Then when you close on your first deal, I would parlay the entire profits back into the business.  

With this being my first apartment deal I am more unsure about underwriting this type of deal and was hoping to get somebody who is more experience in multifamily to look at the proforma, T12 profit and loss, and rent roll to tell me if I'm missing something or to let me know of things that I should be looking out for.

Doing things on the cheap in these situations can be the difference between making a profit or losing your shirt.  

The defendants siphoned off more than $31 million in profits from their criminal enterprise.

Negotiations focused on maximizing value while keeping the acquisition within budget, ensuring a profitable flip opportunity.

I haven't lost money on a flip but I'm not profiting nearly as much as I'd like.

I'm at a point where the profits buy me 1 or more new properties. a month.The problem is my tax return is HUGE.