have a w-2, rental properties, and partnerships. 

I am a designer so looking for possible partnerships rehabbing and networking to learn the investing side and build friendships with like-minded people.

Any tips on the pitfalls to avoid and things to consider when setting up a RE investment partnership.

I’m new in the business and I’m working on making connections and partnerships.

But didn't want that to hold me back from learning, meeting other people with similar goals and form some business partnerships to reach those goals. 

https://www.biggerpockets.com/forums/52/topics/799535-rental-partnership-structure-questions?

Residential properties, inventory, securities, trust certificates, corporate stock, or partnership interests cannot be exchanged under Section 1031.

so they can improve their DTI.Maybe a partnership with a waterfall allocation makes sense, but there must be 'substantial economic effect' for such an allocation to be respected.Why not just do a cash out refi and use the proceeds to buy 2-5 more properties?

My idea would be that every project would technically be a limited partnership, where cash investors/funders would supply the entire cash required for construction, and developers would be under contract to finish within a certain time frame.

@Pauline ZhaoA partnership that has neither income, deduction, nor item of credit does not need to file a federal income tax return for the applicable year.