I run into so many people that spend months or even years thinking and talking about investing, but never pull the trigger.

The numbers look a little loose, I might scrutinize them a bit more before I pull the trigger, but it could be solid.

Granted it mitigates the risk but you also lose a level of control.I understand the value of partnerships, as I've already done a few.

Has anyone here have experience with this type of partnership and how do you make it fair for both?

Having said that, you really must ask the tough questions of people before you form that partnership, whether it be a joint venture or syndication.

Although I run a fund that does a lot of non-performing loans and flips in the Midwest and Southeastern US, my wife is in a partnership with someone else that will probably do more than 50 flips in the Tampa Bay area this year.

Cash with partners (/parents :-)Initially applied for delayed financing, but fell through since the funds used to purchase were from a partnership, and I applied for the loan in my individual name (with plans to ultimately deed the property to our partnership's LLC).

In other words, you can find potential BRRRR deals, but you'll want to make sure you have the right game plan in place before you pull the trigger.  

We may end up whole selling or partner shipping as well depending on how things go.We’ve been interested in multi family homes.

Considering the facts, what do you think may be an ideal split partnership?