How will the ownership of the property be?

Without knowing all of your specifics, I'd say that it's only worth holding on to if you can reasonably expect to have some really good appreciation in the near future (like 5 yrs)....Or, in the case where it would run well as a vacation rental, you could switch the usage, maybe?

Does seasoning start when the property is bought? 

@Jon Ankenbauer you won't be able to keep the land separate from any future construction loan.

Purchase price: $125,000 Cash invested: $65,000 Sale price: $250,000 Wish I could have held onto it but needed the money to fund future deals What made you interested in investing in this type of deal?

The deal has to make sense and you really need to know the comps to make sure your investment is going to actually make money.

Here are a few suggestions on how you can maximize the wealth of information available: Check out the blogs and podcasts, or take advantage of the search feature (magnifying glass).

What is the best way to structure the partnership?

The problem is the over saturation of them.  

Hi Aidan, when you first started you can create your partnership agreement per deal depending on what your end goal is for the property.