This would allow us to retain the tax identity of the partnership but also split the purchases between each of the partners. 

If they attempt to it is identity theft.

You can have 2 identical properties with same rent income, but the expenses and capex will be different.

What if you took each one of these properties and put on 50% leverage and bought an identical set of properties.  

Fraud theft conversion not withstanding.. my main point Is the NPN space is a high risk niche.. you would not get those kind of returns if it was not.. so one would expect some bumps in the road.. but if this guy flat stole your money.. then OK  I get that one.. its happened to me over the years. 

Whether that looks like one subcontractor you trust, or a company who's brand identity you can get behind.

One tenant however, did refer to having their rent pro-rated by the number of days that the situation would last.There is a clause in both their leases that they are responsible to carry renters insurance to protect their personal belongings against fire, theft, flood, loss of use etc. 

I did a quick Google search and found that it was for Grand Theft and Traffic in Stolen Property, Possession of Illegal Weapon, and Concealed Firearm.

The NC Secretary of State has what they call an eNotary, but "the process maintains the traditional safeguards of requiring the eNotary and the signer to be in the same physical location and for the identity of the signer to be verified by the eNotary." 

Secondly, transferring property doesn’t erase prior deed and mortgage records so your identity is not cloaked in secrecy.