They will need the articles of incorporation and bylaws to show that you are a managing member and are authorized to conduct the transaction.

(we would be open to any creative ownership structure that would allow this type of arrangement). 2) Provided #1 isn't feasible, could he use a 1031 exchange to buy another rental property with him and I acting as co-owners through an LLC?

It's just creative thinking.

You could go creative but it will cost you a higher rate and therefore less cash flow.

Just thinking of a creative way to finance my first purchase!

In a perfect investor world if you can save enough funds to buy your property's and the upfront cost they require, and have the borrowing power to at least get 5 property's under your belt before you have to start getting creative.

I keep hearing that even in other markets you really have to get creative nowadays, unless you get super luck with a killer deal. 

If so great job very creative!

So what I did end up doing, I found a seller, who during our first talk.... said if your one of those creative low ball investors &@!!

I'm a broker with Keller Williams in the city and have been working very closely with investors, off-market property brokers, and creative finance lenders.