we just managed to get ong to run all new lines and separate meters for our whole apartment complex at no cost to us. 

I am looking for suggestions on how to structure a partnership (short term) that will benefit him but allow me to be dissolve our partnership after a couple years as he isn't interested in long term holds. 

Does it have separate meters?

Now im looking to chat with couple of lenders to find requirements.

Top 3 reasons owners hire PMCs:1) No time to manage correctly2) No time to learn how to manage correcly: laws, documents, processes, etc.3) They're too nice and need someone to "save them from themselves"A good PMC can usually earn their fees by better managing the property/tenant than the owner, thereby:1) Increasing owners net profit2) Decreasing owner's time commitment, stress, headaches, etc.No matter what though, you should always plan to commit a couple of hours a month to manage your PMC.

I’m not super experience but I do have a couple rentals.

Everyone was just rolling with the punches there for a couple years. 

Years go by and eventually Grandpa gets tired of fixing porches, nailing gutters and steam cleaning carpets that 'have a couple more years in them. 

After explaining a couple of options he told me he would rather just partner up with me and be the money partner and I would be the operating partner.

The comp house will likely be owner occupied by a couple, both with professional jobs.