I feel, for now, that I'm a bit to early to discuss it in depth with them as I would come across as a novice looking for funding and guidance rather than a strategic partnership when I'm more prepared.

It's tough to time it right on, but since we're not anticipating any huge gains, I don't think you'll leave much on the table if you pull the trigger a little early.  

partnerships are rarely the appropriate arrangement. form anLLC that contains a push/pull buy sell clause that defines how the arrangement will be terminated.

Row homes are operate at a fraction of the operating costs/repairs, Philadelphia's tax is a fraction of NJ and the price point is doable.Also, don't rule out a partnership - if you doubled the investment you would upgrade everything.

It is all about networking and growing friendships and partnerships, IMO.

I offered to accept my documents & loan fee as compensation for the illegal processing.Walked into the office two days latter and collected both.It is TRUE that this is 24 yrs later and the standards have changed, so verify your rights before you pull the trigger on the above suggestion.

So while I may not be quite ready to pull the trigger on a first property, there's nothing here forward keeping my hand off the trigger either...

Should I do signed  partnership  agreement?   

NEVER SAY: "I have a contract for you to sign," thereby automatically triggering a distancing reaction, feeling of needing to 'consult with an attorney,' etc. in many people...)

it is a 50-50% partnership between you and the tenant.