I had a 150 house SFR portfolio sent my way from a hedge fund that bought in Portland 5 years ago and the partnership has ripened and they want to sell.. the feedback I got when I shopped it around was the same.. big discounts to account for long term tenants and what its going to take to deal with them.. 

  (5) I'd be open to a partnership or other creative arrangement, but for right now I'm only in Atlanta for 3 days per week and the stars would really have to align

Anyone started a partnership to accomplish their goals?

I am a wholesaler. I would also like to start to flip properties as well. If I were to partner with someone who I have in mind (not on the forums here or advertising for a partner here) what would a deal look like if ...

The strategies that I mentioned above are just a starting point, and I'm wiling to be opportunistic with creative partnerships or larger projects if the right deal presents itself.

Two months post-closing, I need to buy him out as I’d rather not attempt to quit claim to an LLC and put the time into documenting a structured partnership with an attorney.

Once you have a second member, its taxed as a partnership by default and you have to file an additional partnership return. 

They claim that they are in partnership with big companies like Google, Amazon.

Their decisions on on which markets to enter, how to manage a rehabilitation, how to structure a capital stack and partnership, and exit strategy vary widely, and you should know their thoughts behind each of these decisions.

If cashflow on that single house looks good, I might start adding properties and/or partnership, to start a small RE "venture".