However, I currently own my primary residence and can't qualify for a mortgage unless I put at least 20% down, which I don't have.A friend of mine is interested in real estate investing but doesn't have the time, so it seems like a perfect partnership.

And only your accountant can tell you what that bracket will be since it will be a pass through to your personal return via the partnership return.

Hello,We're working on an interesting partnership structure involving (2) duplexes that are on the same property.

You can also ask the lenders, property managers, or developers in the area you want to buy in.If you are wanting to partner with people, then BP is a great place to check out who else is wanting to buy and find partnership pairings that work brilliantly.Good luck on the journey!

But I think the first question is how the first property was titled - you say she is your "partner" but is it a tax partnership? 

You also may want to visit your local meetup's and be open to partnerships.

This is why I am looking to venture out on my own, or build a partnership with someone else who shares my values.Oh well, enough with my rant. 

It depends -- what is each side supposed to be bringing to the partnership?

For you it might be another story, because like you said you ha e a partnership.

@Alex Olmo try Wesley Joyner at Pilot Bank in Lakeland, they do commercial loans, but you will have to have had the property for at least 6 months and they will do market value, just be aware that processing these types of loans take longer than your traditional residential loan, they are also investment friendly, they know how to deal with Land Trusts and Partnerships.