Prove you are ready to do a deal, do your own analysis, and pull the trigger when it's time. 

A bank or a private lender or a hard money lender will give you money for a trade-off of a high interest rate and collateral in the property, but most people are asking for someone to partner with them without giving any background as to what they (the asker) bring to the table in the deal.What skills do you have that can help an investor out and develop a relationship that could end up in some form of a partnership down the line?

@Juliet HawthornIf the LLC has more than 1 member, you need to file a partnership return.Regarding reporting the income - the answer is yes, you do need to report your rental activities.However, you need to report net rental income instead of gross rental income.

Leaving important decisions unaddressed is what kills most partnership arrangements.

script trigger How did you finance this deal?

script trigger How did you finance this deal?

Can it be set up as a partnership?

If your LLC is taxed as a partnership, you will need to file an entity level tax return.

Since you are planning on giving yourself a few month before pulling the trigger I would ask yourself a few questions.1.

I understand that most partnerships would be based on me having some skin in the game or having the experience to make up for it...