I continually seek to balance the work/time required to manage our investments with my 50+ hour workweek, recognizing what the highest & best use of my time is.

Your statement is false and can be proven to be false.I will even help you out. 

The great thing about partnerships is that it is upto the partners to set the profit and loss ratio's.Something to take into account is each person's specialty and skillset to the partnership.If you have experience or a proven track record of delivering a return for investors - you can demand a higher profit percentage.As Jeff suggested - Please have an Attorney look over the partnership agreement.

@Reid McKay Knight I completely agree with @Mike Dymski  People invest in other people that have experience, proven record, transparency and consistent results.

I put a lot of weight on tenants who have proven to be low maintenance. 

Each conforming, conventional loan (those are the Fannie Mae/Freddie Mac loans if you recognize those names) has a clause that essentially states the lender "may" call the note due if you change title. 

This has been mathematically proven to give you the 'best' return on money.The down side to a 30 year is you will always be in debt.

You recognize that LO's are specialized and require a bit of training and I commend you for making the phone calls.

I'd be happy to be proven wrong though.

(sorry I got side tracked) There are a lot of skills needed to wholesale, luckily I have those skills, you need to know how to estimate rehab costs, find the correct ARV and be able to recognize the deal.