The difference is your Equity or Net Worth.If you want to maximize wealth-building you need to get the maximum return on your equity.

You'll want a good cash on cash return to compensate for that money being temporarily pulled from the market.

Start studying as much information as you can about real estate investing.Step 5: Figure out how to live off W (less then you earn)Step 6: Open a savings account and put your savings into it (X+Y+Z)-W= S (Savings)Step 7: Offer to help another real estate investor do anything they need in return for mentoring you.Step 8: Listen to positive people daily who are motivating.

They charge a lot more $/sq ft for this privilege, and personally I dont find the return to justify it.So maybe check out Little Havana, Design District, or another tourist area that's not on the beach itself. 

You will need to have a 1065 partnership return filed for the new LLC but this will help account for the 'tax savings' etc. for future use.

We are really interested at this point in going into a deal or two as a money only partner and banking or reinvesting our returns.

Two years tax returns if you are on 1099, yes it is harder but that is how it's done

That is a 10.7% return for the $135K investor not including principal paydown. 

Objectively look at the potential return vs risk before proceeding.

Unfortunately, it will most definitely get you a negative return on your investment.