I’ve had a few local folks ask about a possible partnership.

Or some combination of the three...The second position lien bit is a function of the reality that if another entity participates in the financing package, he/she/it is unlikely to accept anything other than first position lien, which pushes the owner into 2nd.The only other option (and I say that with a laugh since there are only about a billion  options) is either bridge financing, unsecured financing, cross-collateral with or without blanket notes, etc.

I trying to understand what tax liabilities the partnership might be facing if they sign their GP interest and eventually their LP interest over to my entity.  

All that said even assuming the long-term rates will rise, the cap rates are a function of the local economy showing by how much you anticipate being able to raise your rents over your holding horizon to meet your IRR target, that is why an urban high-rise apartment building in St.

The very first BP podcast I ever stumbled across on youtube by searching "how to invest in real estate" was the podcast titled "Investing with no and low money down" during that podcast I realized the power of partnerships!

In partnering what do you provide in the partnership?  

What accounting functions do most landlords seek to have available in their software?

So I'm not sure what would incentivize them to enter a partnership.

That is how the real estate business functions largely is based on vendor to vendor referrals.

I am new to investing in Dallas and partnerships, need advice in the following areas.....1.