It may be that one or more are not interested, or they have different strengths and want to consider it as a partnership down the line.

Typically any general partner and any limited partner owning more than /20% of the partnership has to qualify.

And then I’ve seen other ownership groups that have what I feel is the right mentality, which is a very partnership-oriented mentality towards retail tenants to get through these difficult times.

Also, the fact that you are an electrician, maybe hooking up with other investors to work on their properties may help you get into their world a bit more to create partnerships.

Is anyone aware of a concept where an investor/contractor will partner up with a homeowner to flip/expand the homeowner's existing house for free in exchange for a portion (ex. half) of the profit when it's sold? I li...

For example, does it make sense to create a partnership or LLC, or is it sufficient to own the property as tenants-in-common and execute a joint venture agreement that governs our operations?

My son and I entered into a partnership on a rental 5 yrs ago.

It helped me build relationships, partnerships, and funding sources that wouldn't have been possible as just another investor.

And don't try to be everything on the sales side, open it up for partnerships on that side, it's well worth it. 

I received the following message recently and thought I would share it since my response may assist others:Hi Andrew, I just noticed your reply to the investor talking about having a LLC partnership and was wondering if I could ask you for some advice.If I buy a property with 50k cash and my partner pays 100k cash =total purchase, can we then do a cash out refinance in 6 months or less for 70% LTV with ARV 185k.