@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.

In regards to partnership: have it clearly written and agreed/signed upon by both parties the rules and responsibilities (including payouts), also make sure to discuss what happens in the event of default, deathor distress.

We'll probably start as a general partnership but may end up as LLC.Any ideas would be appreciated.

@Bill Y. you’ll most likely want to form an LLC and be treated as a partnership.

The application process requires financial statements along with business/partnership tax filing.

My contractor offered me a partnership on his next house flip, what can i do to protect the money i will invest?

@Nick MurrayYou should look at the two scenarios from a tax standpoint and a legal standpoint.Legal - Will you be better protected if you invest through an LLC instead of your personal name.If you are investing in a syndicate as either a member in an LLC or a limited partner in a limited partnership, the decision of investing personally in your own name or in your LLC may not matter.This would be true so long as the syndicate is properly set up.Tax - Will you be taxed differently based on either scenario.

This is my first commercial deal, my first partnership, and my first rehab of this size.

It would be a 50/50 partnership.

And it would be better to also complete the 1031 and then contribute into a new entity.The exception would be a "disregarded LLC" that is a single member and taxed as a partnership.