For me, I would rather have a partner than a competitor for two reasons.  

This is one of the reasons so much miscommunication happens in the world today.In my version, there are 4 main personality languages. 1)Emotional action taker (35% of population)2)Relationship builder (35% of population)3)Data gatherer (15% of population)4) Competitor (15% of population)Each one has their positives and negatives, their own quirks and their own language.You could literally say, "good morning," to them and each personality would hear something different.

Virtually every non-crowdfunded hard money fund discloses their portfolio and default rate, because that's how they prove that the investor should put their money with them and not a competitor.

It's one of your competitors.

That's easy for me - - entire street is R2 (MFUs) and therefore they're all my competitors.

We have explored some competitors, but have not found anything that jumps out as any better.  

Just viewing the rates of competitors is akin to valuing property based on "For Sale" signs. 

The added gamble is training someone who could move on to work for a competitor, or become your competitor.So in a sense the managing partner would take on a sales rep. role.

The house had just come back on the market, and the had multiples, we were not the highest but the bank considered us the best.If it's an owner, you can just be nicer then your competitor, you can bring the seller gifts, you can ask him what he needs, dies he need help moving, dies he need to borrow your pickup, get in a conversation and find out what his needs and wants are and fill one or two and that will set you apart and make your offer better. 

Hi Marquis, Welcome to BP, I am also a Real Estate investor in the Las Vegas area, That doesn't mean we are competitors, because there are plenty to go around, it means we are partners in a great market.