I suggest that you set clear goals and determine the types of properties you wish to pursue.

I will also do as Melanie suggests and submit a complaint to the SEC.

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. 

Would love to hear people’s suggestions or thoughts. everyone’s so amazing in their responses and I really appreciate everyone’s thoughtful feedback!  

If so do you have any suggestions or tips for best practices to do this?

What does OP stand for?

I would suggest taking the route of option 2 or 3, so not only are you saving over 10k in rent per year but the residents help in paying down the debt.

That is the basic run down, I would suggest syncing up with a real estate knowledge accountant for your specific situation! 

I suggest checking out some of the meetups on BPs meetup page:https://www.biggerpockets.com/forums/521-real-estate-events-...I also have a list of all the other Chicago meetups that I can share with you.

The longer it stays in the same taxpayer name before changing it, the better.I would also suggest you speak to your CPA before making any decisions.