Never in a million years would I ever agree to anything like that in a partnership.  

I would be excited to hear how someone with limited cash/creidt, no hard money, and no private money, no partnerships were able to scale much faster than your plan. 

It sounds like you are creating a business partnership with your long term partner, whereby the two of you will share in the profits of the enterprise.  

Hoping for long partnership as expect this to be the start on MFR.

While my spouse don’t like partnerships ideas. now i’m stuck. any advices anyone, please.

The more people in the partnership the more complicated it becomes.Yuck... no thanks

Between refinances, life plans changing, divorce or partnerships falling out, people selling, etc etc, the average life of a mortgage loan is in the 5-7 year range, not 30.

By using some of the legal tools available to attorney’s like creating companies, LLC’s, partnerships and using asset protection trusts you can place your assets out of the direct reach of a creditor, while still maintain use of those assets.

We do not have a enough money to put down a conventional 20% as of yet so therefore are looking to do an FHA Loan.I have been pre approved for an FHA so want to get going however wanted to see did everyone have any experience with the eventual switch to an LLC to a partnership.

I would love to hear from those who got into real estate investing with a friend as a partnership for a multifamily home.