I want to use a waterfall structure to distribute profits based on a preferred return and structure the entity in a way that allows for a series of independent investments or funds.

What are the tax implications of an individual deeding the title of a property to a partnership or corporation? 

Die - Yes I put this one last because its the least preferable but the most effective. 

I don't want to spend the money to individually meter the units, it doesn't make sense financially. 

I am looking for someone in the area that I can talk with about real estate investing, preferably about Lease Options or wholesaling. 

Plus I prefer meeting people face to face which establishes a relationship and possibly loyalty. 

That will be a problem if you do those all individually

I'll try to reach out to you individually.

I would partner with a professional REA who can give you and your partner a realistic idea of what you can afford and how much the "cost of money" will be for you two considering your individual situations.

I prefer Ontario.