SimpliSafe also works if the power is cut and its call-in function is cellular, not wired.

I've spent 20 years in construction, taking projects from blueprint stage and ground level- to turn key; and ready for the next leap into building a business focused on investments, networking, ROI growth and partnerships in commercial, residential, and multi-family units. 

Just trying to get a sense for what is the best way to structure our 5 member partnership, from a practical, legal, and financing perspective.

How do you guys set up 50/50 partnerships that is not loan based and the partner and you split the equity/cash flow 50/50?

Syndications are generally partnerships so need to qualify under any 1 of 3 tests.

I would also be interested in potential partnerships as well as opportunities to help others.Thrilled to join your community!

I'm proposing the current owner becomes a partner by putting the real estate into the deal as equity for the partnership and thus creating equity for the lender. 

My wife and I own a 3 unit apartment building as a partnership, shown on K-1 returns.

Verifying if smoke detectors are functioning, appliances are running and water pipes are not leaking is a plus.

Your LLC is taxed as partnership.