One common approach is to form a legal entity, such as an LLC, where both of you are equal partners.

I have seen great properties coming out with a great rental rate, but you would know those move quickly so being partner with someone local in DFW is always a good idea.

I think it might be wise to get a partner for your first deal. 

They’re requesting what feels like an unreasonable amount of information, and the demands keep escalating.So far, they’ve asked for:A video tour of my home officeCredit checks on me and my partnerCopies of the deeds for every property we ownA copy of my partner’s home lease and utility billsBusiness phone billsA signed letter from the bank verifying our accountsBank statementsHonestly, it feels more like qualifying for a loan than trying to become a customer.

I currently have SFH and multi-family long term rentals and I partnered on a short-term rental.

Know your market (or partner with someone who does) AND do research, research, and some more research.

Then do everything you can to study that specific real estate niche and then start to partner of some deals to help you gain experience and confidence.  

I have partnered with individuals on fix and flips but my goal for 2025 is to buy my first LTR.

We don't allow any "deal-making" in the forums, which includes advertising your services or properties, looking for partners, etc.

And you do not need a penny to start REI - many people's first investment came to fruition because of friends, family, or even partners.