I'm strongly considering Michale Quarles system but can't seem to pull the trigger.

It was owned jointly in our names, and the rental activities ran through a partnership LLC.

Mitch was running a special on his course for $297, but I didn't pull the trigger for personal reasons. 

Nothing in this Note shall be construed as creating a joint venture, partnership, tenancy in common, or joint tenancy between Lender and Borrower.In the event that the holder wish to withdraw any portions (with prior notice) of the principal amount during the term of this note, Holder will waive any/all interests earned and only the initial principal amount will be returned to the Holder.

With that information in hand, I strongly recommend hiring a competent real estate/business attorney to set up a partnership agreement which clearly designates responsibilities between you and your partner.  

Stuff moves fast around here, so be sure to understand your buy box, rehab and exit strategy and, perhaps most importantly, be ready to pull the trigger when something fits because chances are if you like it, someone else will too.

Friends and family and small little partnerships maybe..

Get pre-qualified, do all the prep work, and if everything lines up then start looking for a great deal ... if you find one, pull the trigger ... if you don't, don't.

Clint, are you saying that any business entity : LLC, partnership, C- Corp, S Corp must register with WI Dept. of Financial Institutions to rent out real estate in WI?

My ears are always open to new ideas and new partnerships!