Good deals (great deals) are WORKED - negotiated, bartered, set up creatively, and necessitate understanding the opposite parties motivations, desires, needs, pressures, etc.

Some suggest funding the LLC with your capital via a loan going the opposite direction: From the investor to the LLC, that way any money you pull out of the LLC (as a withdraw of owner's equity and not to purchase any properties) is merely a loan payment. -  I'm ok with you lending your capital to your company initially.  

Based on what you've provided here, I'm going to assume the partner is a friend or family member- and not to rub salt in a wound, but most people think that makes a contract LESS necessary, which is the total opposite.

During the housing boom, it was the complete opposite—they even dropped realtor commissions to 2% and made buyers pay most of their closing costs.It sounds like a great time to buy. 

Some guys will tell you SEOmeetsREI hung the moon, blah, blah, blah, but my experience was the opposite.

Since faith is the opposite of fear...

They are raising new investor capital without being transparent on past performance which may not be a legal violation yet because the outcomes of the past funds/properties have not yet been finalized, but the writing is on the wall so raising a new fund without disclosing what's happening with their existing fund/properties is ethnically wrong.

The reality is the opposite - if it's not in writing then the PMC doesn't have to provide the service or can charge extra for it!

History shows us the actual opposite of what he and others claim will happen will actually take place.

On the opposite end I see investment properties that have a different owner every other year, like 3 owners in 6 years or 5 owners in 10 years.