Personally, I find more passion and motivation to improve the guest experience, put in sweat equity and come up with creative ways of improving the property to make it more attractive if I love the area.

Don't sweat the details of the paperwork too much, let the professionals do that, it's usually pretty straight forward for them anyways.

Over time I learned how to do basic things myself to contribute sweat equity and make the jobs go faster. 

We all put in sweat equity and paid personal funds for rehab of each "owned" unit.

(If you guys are only curious what I've done) (:I finally finished my website, I went with the route with Wix (sweat equity) and created it on my own, with the help of my gf.

What is best practice in setting up a sweat equity partner and a passive investor partner that covers the down payment? 

One partner brings cash, the other brings 6 months of sweat and expenses, both partners win big time. 

We would Buy if we could make $100 per Door and plan to do Sweat Equity with Fix-ups to increase the Rents in the future.

How do you value sweat equity in a partnership?

A lot of people overpaid for large multifamily over the past 3 years or so, banking on the following, in perpetuity: fast rent growth, historically low interest rates on capital, and historically low cap rates (property values, if and when they resell).Any of them that are holding assets that are cashflow negative right now must be sweating, and even if they're at least marginally cashflow positive, if they only locked in their institutional financing on their properties on 5 year terms, they're likely about to enter a world of pain when they try to refinance over the next 2 to 3 years.