Eveything is checking out fine at first glance, but there is an extention that was added to the home of about 250 sqft. that functions as a "sunroom".

Purchase price: $800,000 Cash invested: $50,000 Limited Partnership on a Self Storage value add near Austin, Texas.

I'm also looking for a property that can be functionally improved (with as little effort and risk as possible).For instance, I recently did a rehab on an 100+ year old house that had sat on the market because it was on a somewhat busy street, and it had a funky floorplan (but, because it was in a trendy, A neighborhood, I knew that the busy street wouldn't deter tenants...and I knew I could improve the floorplan). 

Prices are in large part a function of interest rates.

...you'll have to answer that question if you want to figure out a partnership with anyone worth partnering with.So, I'd suggest refining your "pitch" so that the first impression you make on all potential partners is clearly and convincingly showing the value you're going to bring to them--so they have a reason to partner with you.Good luck!

I have a commercial multifamily mortgage for $860k that I just purchased in Oct through my LLC partnership with my brother and our wives.

I dont think a full equity partnership would make sense as we dont have any intention on selling the house.

Use the search function.

Another common one is working in partnerships; these can be structured in many different ways.

We wholesaled and structured partnerships to build our portfolio and cash reserves.