If it is not a distressed situation and just a property listed for sale, the price won't be right.It would have to be out of a bankruptcy, estate, divorce or a partnership break up or something before I would even listen to the deal, and it would have to be full enough to carry itself the day of closing.

This way I am even more hidden and no one but me knows, who is the beneficiary and the trustee, I also form an new LLC for each Partnership/ Private Lender that I form/use, as I never spend my money when I buy mobile homes.

OR would I be able to do a limited partnership agreement?

Limited Partnership?

Appraisals are def. an issue :) Yes - for invetment properties you can find 70% LTV programs out there - but that means you need to put 30% down - so no - there are no conventional lenders that will allow you to "not" put money down.You can buy with hard or private money and then do a refi 6 - 12 months later - that is a way to go with little to no money down.As for 50 homes in 5 years - right now you are limited to 10 mortgages so after 10 you need to be buying with cash - doing sub2 deals, buying on seller financing etc....or doing partnerships with those who can get additional mortgages.

As an Investor how do you like to be approach with a deal for a possible partnership?

Have you gotten clear with your investor friend regarding how the partnership will work?

I found contractors for REO's, aid in investing out of state, help with my college admission to UF, and even a partnership to apply my internet marketing skills to market an e-book.

Multi member LLCs and S-corps with multiple shareholders will have to do a partnership return to split out the profit and losses.

I also have an LLC partnership where I earn my part through sweat equity.