I know how to analyse a deal and run the numbers and want to invest in partnership so as to divide the money and risk of 1st deal and has a confusion how to find local real estate investors so that i can learn from them.If anyone interested in partnership please feel free to contact me.

My main concern is how could a partnership like this could work.

Be prepared to show your pre-approval so they know you're serious and that you are ready to pull the trigger if the opportunity is presented.

Or does the LLC rental biz have to be a partnership?

Good morning, I'm in analysis paralysis on pulling the trigger on my first two-unit investment property.

Most of the banks we have partnerships with give us commercial mortgages (15 year amortization, 4.5% terms for instance). 

Investing with your pals = much simpler, hire a good attorney and form a partnership of some kind.

The only big negative I can think of at this time is on the investing side where we want to grow simultaneously but will be losing almost 100% of W-2 income when we pull the trigger so lending options will be limited for at least 2 years.

Are there any templates available in BP or online elsewhere to use as a partnership agreement foundational document?

Owner draws are really an accounting category (I think there is a more technical term for it).I see your other companies are taxed as partnerships.