I was curious how those of you that work with partners clearly define the roles and benefits within your entity.

If you want to be truly passive while living abroad you could consider a DST transfer or syndication where you transition your properties to professional management and get paid as a limited partner and not have to worry about any sort of property management takes.

I am partnering with another investor who owns 4 single family homes in that vicinity.

I have about $20k saved up there but I do have a partner who is also willing to go in 50%what are your thoughts??  

I focus mainly on buying deals and working with partners for said deals. 

Did you buy this property on your own or did you partner with another investor?

A syndication was way overkill because there were only 5 capital partners so they customized an operating agreement with their attorney that outlined roles and responsibilities, distributions, membership interests, etc.And you don't have to have all this stuff figured out right now; it's very customary for us to assign the contract to whatever customized entity we end up forming.Just one caveat. 

Purchase price: $140,000 Cash invested: $55,000 Sale price: $255,000 My business partner and I took on this Arlington property as a fix-and-hold investment.

I suggest you find other sources of income or partner on deals to grow your real estate portfolio.  

I'm looking for advice on a situation with an investment property my business partner and I purchased in June 2024 under our joint LLC in Springfield, OR.