If something goes wrong, you will ruin the relationship right along with the investment.If you do partner with family or friends, have a very detailed, written agreement to protect each other. 

For various reasons, we are partnering with the previous owner again and adding him as a partial-owner of the LLC and therefore the property. 

The partners tell me that I will be paid once they get their hands on the proceeds.

While demolition costs are nondeductible, a taxpayer may claim a loss deduction when the depreciable business property is retired from use in a trade or business or from use in the production of income.I would strongly advice talking with a real estate focused accountant here to help guide you.

They partner with schools across the US to help students find housing.

In which markets have you noticed particularly strong performance recently in terms of rental demand and occupancy rates?

My partner and I are looking to rehab our first property possibly with a 203k loan.  

I would also be open to partnering with you on a couple different projects if that's what you're looking for.

My partner and I are In the process of filing our LLC.

I would like to find someone with experience in the mid-term rental space and partner with them on furnishing, marketing, and the month to month management of my rental.