@Alexander Rotolo, If your current property is performing well then don't put the 1031 on the table. 

I can assist you with getting them to the closing table anywhere in Ohio.  

As for determining on how to split the profits, I would say that should be determined by the amount of work and value that is brought to the table.

Depends on dirt and water table.

We bring quite a bit to the table, just not the experience.Would like to get involved in flips, rentals, even multi-family.I'd also be interested in recommendations for local meet-ups.Brad 

So I have a few potential partners, they are bringing the money to the table.

I know folks in San Antonio who leave hundreds of dollars on the table monthly by not using it.  

I use a table saw, sander, wood stain, urethane, a drill and some screws to make my own frames from 2x4 or 2xwhatever lumber. 

But, the asset protection trying to be obtained by the LLC comes with a great deal of costs, from a variety of factors.In your case, if you are going to hold short term or at least live there until you sell, you won’t have the benefit of the sec121 capital gains tax exclusion.Financing it usually more expensive under LLC since you need a commercial loan, which means all the residential loan products are off the table for you.The big kicker I always bring up is to achieve and maintain the corporate veil for asset protection, you need to run the LLC as a separate business, separate from your personal activities.

Since it is a cashout, the lender should take these out of the cash... and not have you bring it to the table, so ask about that :)