It is better for them to get half the profits than no profits, and you gain invaluable experience as they take you through the process with them.DO NOT go half-cocked and mail without having an understanding of the legal requirements for your area for assignment contracts.

Some of the benefits to getting your license would be getting commission as well as direct access to the MLS.

I am so eager to learn all I do on my spare time is try to gain more knowledge on RE.

I am not going to work too hard to sway you, because I have nothing to gain here.

Partnerships are much easier and you can achieve pretty much the same results: you raise funds for specific projects and create a legal entity for that project, electing yourself as a member of the partnership so you can benefit from any gains without complicated filings.

What ways can I streamline management, upkeep that benefits us both.

Since the major benefit of the LLC is asset protection,  you won't be needing that much in the beginning starting out with our own properties. 

This upcoming  lunch meetup  will have guest speakerTony Robbins Peak Performance Strategist presenting:Turning Action into Results WorkshopWorkshop Benefits:-Learn 3 actions you absolutely must take to be successful in any business_Destroy the 2 obstacles that are dramatically limiting your results-Master a proven method for tripling your referrals and leads in any interactions-Develop an unshakable mindset that will give you the competive advantage in your industry.

Such as selling for a lower gain than you want, or renting it out.

I was fortunate enough to benefit as well.