I'm trying to understand what is the best way to approach a partnership structure for buy and hold properties where one partner is the finance (100% or close to) and one is the locate, manage rehab, manage property, and manage future sale (5 years or more down the road).I'm the one who is not bringing the finance.From what I've been able to see, there are a lot of posts on 50/50 partnership splits for profit, etc where one partner funds and other other partner does the legwork if it is a flip, but so far there is very little info out there for this approach with buy and hold.I've seen some comments stating that it would be surprising to find an investor who wanted to do this as the returns are not that great.

That way you are less likely to have surprises. 

The latest is a surprise 4bed 2bath ranch that we are gutting with the intent to flip.

Some properties, especially those with ADUs, can surprisingly break even or cashflow sooner even with an FHA loan. 

Surprisingly, these assessments can sometimes be inaccurate.

I was honestly surprised as I thought it would be light work for the GD.

Surprisingly the funeral home said they could help and would buy the house.

As you mentioned in your first post, I would be surprised if they want to go this route. 

This is my first time using the forum and was pleasantly surprised to see so much engagement so quickly.

The challenge lies in managing renovations and the surprise costs that can come with them over time.New construction, on the other hand, tends to be simpler with less immediate maintenance and potentially better loan rates, but you may have to accept a slightly lower cash flow due to higher purchase prices.In the Atlanta area, there are several hotspots for new builds with great long-term investment potential, as well as older homes you will need to pinpoint which type to best advise here.Hope that helps streamline your decision-making!