The FDIC said at the time that IMB Management Holdings LP, a limited partnership composed primarily of hedge funds, controlled IMB Holdco LLC.

That's why I think you need to think that partnership through very carefully.I don't think any of this is a concern to a property owner/client for so long as you're managing the property well and the owner is getting their net check each month, on time.

Do you have a partnership horror story?

Joshua Dorkin just started a great topic on Real Estate Investor Partnering Horror Stories:http://www.biggerpockets.com/forums/12/topics/59983-real-estate-investor-partnership-horror-storiesMake sure you read Don Konipol's story which is better than fiction.What about the flip side?

My role in the partnership has been to do all the legwork (project manager and accountant) and over this time I have learned the ins and outs.

Making it a part of a loan package is very different than showing it to some business guy who might provide seed money or someone to join in a partnership.

It can be perfect for investing in RE partnerships, syndications, and JV’s.The next level is a self-directed plan (IRA or 401k) with checkbook access.

There are few outside investors who will take on a resturant as just a lending investor, it will most likely be a partnership deal and that investor needs similar experience in this arena.

Corporations distribute dividends, not partnerships.

What you’re really proposing is a partnership.