He does LLC setups, partnerships, etc.

PARTNERSHIP DEAL BETWEEN INVESTORS: I am partnering with another investor and we both are going into the deal together, as we are doing everything (acquisition, project management, rehab, marketing, etc) except the funding (which is going to be done with the outside investor described below).

Since this house was sold with an underlying mortgage it is possible that the bank that holds the mortgage could foreclose because the due on sale clause has been triggered.

Over the years, my mother 'gave' the property to my brother and I and about 7 years ago, my brother created a partnership to make the ownership legal.

@Brynn McNicholas Great to hear about such a synergistic partnership.  

If you have mortgages on any of the properties, check to make sure the bank will not enforce the " due on sale" clause. changing the deed and ownership over to an LLC. will trigger that because they consider the property " sold" then.Depending on the state laws where you invest, having all the LLC's under a parent LLC does not offer you the protection and may still be considered as one entity for all the properties and can be touched.

Coming from a background in finance, I know that I will, one way or another, be able to find either a single partner, or group of investors who aren't afraid to pull the trigger, and who are interested in actually developing land, not destroying it, and creating beautiful properties to be sold along with beautiful margins.I'm also curious to know if any of you have tackled projects similar to this (I know I haven't given out the secret ingredient), just speaking of land acquisition / development / selling properties, repeat.Thoughts?

So it can be very nice business usually take two folks to do that volume a partnership if you will.

I'm looking for guidance on setting up my structure, including partnerships.

My husband and I are in our 50s and pretty much lost everything in a business partnership.