You don't use business credit for the downpayment, you borrow the money from partners and in exchange give them a portion of the deal.

Hi Brian, I'm in Conway and it is a strong seller's market right now.  

There are many other properties on the market, but right now, the market is very strong from what I have been seeing and the properties on the market right now are listed at retail value and still need work. 

I'm looking for some direction on who to consult for the following topics:1- What type of corporation is recommended when one of the partners is a non-US resident?

Especially if their "deals" aren't particularly strong?...

Every jurisdiction Is different and I strongly recommend an attorney for all contracts 

It is very doable to keep both going strong!

Anyway, partner has a substantial amount of student debt (I believe $60k or so), I'm concerned how this would affect our arrangement, would I be liable for any of his debt? 

So, if I were you I would find someone you are interested in partnering with that has experience in the day to day of managing properties they own.Now, if they bring the experience, and are basically the reason the deal will be able to happen, they are going to want you to bring something to the table.  

Stay strong, you aren't a home buyer, you are an investor!