I just need help figuring out how to structure a partnership like this.Thanks!

Below is a summary of my position:1-performed $900 due diligence including: general+rental inspections (3 reports), plumbing inspection, and HVAC inspection2-property needs 25-30K in repairs (estimates from 3 GCs) 5,600 appliances5,000 flooring3,100 Basement3,500 Paint1,500 HVAC Furnace750 Hot Water Heater for one unit4,350 Electric: GFI's23,800 Total         3-36K(25% down payment and closing costs). 4-Total acquisition cost: 61-66K5-Expected revenue: 1700-1900. 450-650 net cash flow6-Great class B neighborhood I had a financial partnership that fell through because of COVID-19 recession fears.

If you have two or more people, you default to being taxed as a partnership and you get a K-1 form from your partnership for use to file on your personal tax return. 

You have plenty of liability as is.One specific issue you mentioned: it is correct that 1031 exchange can only be done by your partnership.

Full mail is below from Kulveer (Zeus Living CEO):As an important part of our community, I am reaching out to share the effects that COVID-19 has had on Zeus and to share options of how our partnership could evolve.

I've been looking to make partnerships and build on relationships where we are able to help each other.

Quick and to the point:Need suggestions in setting up a Partnership Agreement, Operating Agreement, and Buy/Sell Agreement.

If you plan to secure any form of non-recourse financing, your debt partner will require you to have some level of experience among the owner/operator partnership.

Originally from Seattle, Wa.My experience level in real estate is very minimal which I've not done any deals to date.However, I have no hesitation to put in the time and effort in helping others achieve their dreams and goals.Let's take full advantage of this stay-home time and connect to build a working partnership.

Over the past two years with great partnerships and investors we have grown from 40 units to 500+ doors in California alone. 90% of those units are Housing Authority / Section 8, VA residents.