Will,I'm going to invest in a limited partnership that will aquire and own properties.

I would get some education, find some money, do a deal, and find people that you can partner with to negotiate the 30% into the partnership.

A multi-member LLC would file a partnership return, but that doesn't sound like the case here.An LLC does have to maintain its standing with the state.

You have all the skin in the game yet they are getting a good portion of the benefit.Yes, I'm embarrassed to say that while the stakes weren't nearly as high, I very stupidly was the money in a partnership where I didn't get on the title and I was ultimately left with nothing but a judgment that I can't collect.

I found the motivation for selling (death in the family, broken up partnership, etc...) and did my research.

The best ideas I have heard recently are a payroll tax holiday and decreasing constraints on investing in partnerships.

Do you want to allow for additional partners, what happens when a partner wants out, how do you plan to value expertise as opposed to cash brought into the partnership.

Hi,Sorting out some pieces here and I think we've been staring at this too long so your fresh insights would go a long way.Took title to property in personal name and now doing some tax planning, estate planning, asset protection and privacy.I'm greatly oversimplifying that survey says use trusts to hold props, llcs as beneficiary and maybe other entity to control/manage.Where it gets especially hairy is single v. multi-member, member-managed v. manager managed (and professional manager), partnership v passthrough to 1040, avoidance of self-employment tax, and preserving passive income status (if it's not offset by valid expenses) to name a few.Then there's the issue of collecting rents and paying mortgage.

You may find some great mentoring and partnerships on this site as well.

First, I think many people do this in the form of partnerships and joint ventures.Second, RE isn't really the same as stocks.