@Jeremey J.I would not do a partnership because they can become messy especially wheN you barely know them.

Hi everybody,Currently, I am entering my final semester at CSULB and earning an M.A. in Political Science, while working part-time at a fashion retailer.In joining BP, my hope is to: network, learn the ins and outs of real estate investing, and to develop skills that would make me an asset to any future teams and partnerships.

Then they slam you with another course or "membership" where they say that they'll do everything for you and you'll be a "lifetime partner" ... this partnership will cost you 20-40 thousand dollars. 

But 100% of 2 houses eliminates all the hassles and costs of a partnership, all the challenges of mixing business with family, and half of the maintenance headaches.

One of the reasons I still have Rentals in different LLC's is it allows me to have different partnerships for each rental...if needed.In all cases, I'm not personally attached to anything...my main LLC(s) are. 

However, if you are in a family business or have some formal partnership with another then really, making them comfortable and ok with what you are doing should come before any other relationships you wish to develop professionally.Your internal team should have the discussion about who you share with, what exactly you share, what is business confidential, what is public information. 

Because a single member LLC can still be regarded as a different tax payer if it chooses to be taxed as a partnership or S corp. 

How could we structure the partnership in such a way as to benefit both parties?

Goals+ Develop relatively-passive long term wealth+ Gain experience to replicate deal+ Create 2 additional streams of cash flow: NNN & Developer+ This development will be another location for our my primary income stream a dental group partnership in which I am the sole "managing" partner.3.

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..