I'm trying to understand what is the best way to approach a partnership structure for buy and hold properties where one partner is the finance (100% or close to) and one is the locate, manage rehab, manage property, and manage future sale (5 years or more down the road).I'm the one who is not bringing the finance.From what I've been able to see, there are a lot of posts on 50/50 partnership splits for profit, etc where one partner funds and other other partner does the legwork if it is a flip, but so far there is very little info out there for this approach with buy and hold.I've seen some comments stating that it would be surprising to find an investor who wanted to do this as the returns are not that great.

We have no intentions of selling them as they are paid for and in a good location.  

Closings with a loan also tend to take two months or so so you may want to put in your offer that notice must be given prior to going to contract.

small community bank where the assets are located is where I have had success at a little over normal bank rates.. but keep in mind we had significant deposit relationships  7 figures etc..

Did you invest through a company located there?

I'd rather pay the two hundred bucks and call it the cost of doing business.Similar to any other pro you hire, you want an inspector with many years of experience inspecting the type of property you're buying, in the location where you're buying.

Then I'll pick a location with favorable stats; population growth, low unemployment, etc. 

Jeramey,I would need to know more about the condo itself, which building / street location etc.

Locating property and investors who are interested in the property is a challenge but not impossible.

After all is accepted by the Housing Authority with the booklet, they will schedule an inspection where they come out and check a list of items including looking for peeling paint, windows open/close/lock, smoke detectors /co detectors / fire extinguishers all in the right locations, GFI receptacles in the correct locations, grounded receptacles if 3 prong (ground not needed if 2 prong), and the list goes on.