I would not invest as a LP if there is not a partner (not property management!)

Unfortunately, in the past I've made this type of mistake by giving my partner title and just as you'd expect, I was booted from the deal. 

Chase,A Limited Partnership or LLC is created for the sole purpose of purchasing the property.The Limited Partners (LPs) are the passive investors and the General Partner (GP) is the person/company or group of people/companies putting the deal together. 

My business partner and I are looking for a realtor in the Kankakee, IL area that has worked with investors or is an investor themselves. 

If no good financing options are available for you, then consider partnering with someone as a last resort.

The question is whether or not all parties will be actively involved in the deal (JV/partnership) or if there will be one lead/sponsor/general partner and the rest will be passive investors with expectations of return on their money (syndication).

Therefor, the suit that I recently filed names both the seller and the escrow agent for breach of contract.I have been unable to find any case law outlining the specific definition of a mortgage financing contingency and whether or not “investors” (myself and partners) reluctance to do a deal constitutes a breach of a mortgage financing contingency.

Until you have the money to begin and/or the first hand success you will not find a investor/partner with any motivation to work with you.

Myself and one of the other partners who owns 25% are the primaries on the mortgage.

(I believe anyway) My partner and I are potentially factoring in the minor refit costs into the Private loan or alternatively, can't we have that put into the mortgage arrangement with the 203k refit clause?