what weaknesses do you have that a partner could help bolster?

-Buy weak cash flows.

If a buyer has little to no financials, weak credit,no track record, crazy buying structure, and wants pricing that no longer exists that's a non-starter. 

very good of you to recognize the weak spots.  

Sometimes playing along with someone's psychological weakness (like that need for power) can be a strategic decision.

Personally I look at this a a very weak deal that is high risk.Condos can be hard to finance.

According to what you say, I've been living extremely rich life :) Especially:Living a rich life is laughing your *** off and crying your guts out.I used to believe being a man means you cannot cry or show weakness.

Are there any glaring weaknesses to this plan?

@Silas Lee,To answer the question in the title of this discussion, three words:Fear, Uncertainty and Doubt (FUD).Until you've seen yourself do it, your confidence will be weak.

An entity is like a tool to shed water, ie a poncho and an umbrella, both have strengths and weaknesses...At the end of the day, unless you like walking around smelling like a dog in a stinky wool sweater with shoes squeaking from within, you will elect to form one or the other.