Be careful as there are some teams that will take a split and offer little to no training and little to no leads. 

Jeff Be very careful with the use of the word "partner".

He is supposed to take care of the property and find a tenant.

Your job is to determine if the risk is worth it.If you are are just thinking out loud that you may want to sell in 5 years, given your own statements that it is making great cashflow for 5 years, then who cares? 

I know if you go straight to a rental the taxes will go up about 3x the amount and really cut into any cash flow.

Then split the profit however you want to cut it.

Buyers are going to use the property as a group home for people with disability and elderly care.

Also, be careful about transferring the title to an LLC while you have a conventional residential mortgage, as there are lots of discussions about that and the due on sale clause. 

Assuming you don't care what the rate is or what fees are charged or if it's an adjustable rate mortgage, you can get a mortgage with way less paperwork in the future.

I would recommend that you read through the guides carefully so you get a good understanding of the process.