I definitely need some great attorney recommendations for closings as well as LLC and partnership formation.

Also, if you’re asking for help or looking for partnerships, I’d highly recommend completing your profile on the site.

I would love to hear some thoughts on a potential partnership with a note.

About two years ago, I sensed that I needed more education and context on real estate and I began reading books and listening to podcasts (none of the titles would surprise you I'm sure).I'm at an interesting point in my journey where I have a few LLCs that are General Partnerships (all partners contribute to the day-to-day management of the business) and I would like to open a new LLC which would have a Limited Partnership structure (where the Limited Partners would just invest money while others would be General Partners).For whatever reason, I can't seem to find the topic of partnerships in real estate being discussed at any significant length in anything I've read or listened to - even in the podcasts (although, I must admit, I haven't listened to all of them).

The IRS will figure you have a 50% ownership stake in the property, unless you drew up a partnership agreement BEFORE purchasing the unit that specifies you have less of an interest. 

If the investors are looking to fully dissolve the partnership for another project; they can sell.

Others network and form partnerships to take down bigger properties and still others use their funds as a LP in a syndication.

I hear that people can get into a lot of legal trouble and most partnerships turn bad.

This is a JV or partnership not syndication.

I would also be open to doing a partnership on deals with the right mentor, if it makes business sense.