Not clearly defining those items tends to be the downfall of most partnerships.

Our equity position in our free and clear properties is 100%, except the one house and one duplex that we own in partnership family members, in which we own a third.In the beginning my husband favored leveraging and I favored all cash.

I believe this Real Estate Investment business is a one person show until due time when partnership is warranted.  

Did you uncle mean 20% interest (just shoot yourself now), or did he mean 20% ownership...as in a partnership?

HelloI currently hold 4 properties outright in an LLC partnership that I formed last year with another investor.

I would suggest you have a tight partnership agreement in place including a buy out clause that defines what happens if one partner wants out before you sell the property. 

Are they giving you cash with a mortgage on the property and you are the borrower or are you talking about wanting them to get a loan and be in partnership with you??  

We have not evaluated partnerships, or private/hard financing, just wanted to know if there was anything other than that.thanks for your support!

I'm also interested partnerships.

He very well might turn out to be a great business partner, but partnerships are hard, even if you have everything clearly spelled out.