I've put 30 of these partnerships together.  

We have not even decided if we are going to go the route of a legal partnership. 

An hour or so with an attorney would be the best way to go.I would explore creating a partnership agreement with your brother, then get added to the title.  

I will have $17,000 dollars worth of loan equity left.Total of $85,000 dollars worth.My father in law with have 41,000 dollars of equity left.How can a partnership work with this being said?

I'm getting ready to pull the trigger.

hi keenen and welcome, as far as the 5 rentals I wouldn't concern yourself just yet, unless you have deep pockets and are planning on purchasing all 5 right away, a good mortgage broker and advise from here will guide you down the right path, by purchasing with companies, partnerships, etc. 

Hello! My father and I are looking for a partner with someone to finance deals for flips. He has been in real estate for 10+yrs off an on while being in the oil field. He has secured deals and done both flips and buy ...

good luck and happy hunting for cash/equity partnership, if you can open an heloc or line of credit that would be among your next quests, to fund the deal on own without a partner would be my next step, you want to maximize your profit margins whenever you can, & welcome to the BP nation, keep posting but most of all keep sharing

Your partnership agreement has to have all the duties lined out, not just where the money is coming from. 

I would be open to a mentor/partnership etc.Thanks in advance😄