hello, im a hvac /plumbing contractor and have done rei in the past and present. here is my idea and question. we have a property free and clear that  is 3.5 acres with income of $2500.00 of rent per mont on 4 old buildings. we did a market analysis and plans 3 years ago to build 72 apartments. everything looks good as far as zoning and city permits. the budget was 3.2M the property itself is worth 450k and the bankers gave us green light.we didn't move forward with it because os the risk of it, we forecasted that we would end up owing more than 2.5 M and we did not wanted to risk that much by ourselves. 2 years ago someone built 30 apartments lest than .5mille away from the property and they have 75-80% occupancy already.talking with my wife we come up with this idea, since we know construction business owners on almost all the trades and have done business with them and a person familiar with apartment building construction on the past. we would like to form a partnership with couple of them where they can own part of the business in exchange of their work (trade) and if any one wants to be more involve and want to put hard money their % would be more.do you think it can be done any legal issues? 

if you are interested in doing any joint ventures in Yuma please get ahold of me, I am looking for a long term partnership that yields us both positive cash flow, and who better to manage a rental than somebody that has a stake in it??

Hey there BiggerPockets community, my name is Michael and ive been truly invested in RE yet have yet to gain some momentum. I am willing to team up with someone whose as compasssionate as wanting more at of life, like...

Like I said before, I have done partnerships where I was the only "boots on the ground".

While you wait for feedback on partnership, below are a couple podcast on this topic to listen to in the meantime.https://www.biggerpockets.com/renewsblog/2015/06/18/bp-podcast-127partnership-acquire-and-manage100units-james-wise/https://www.biggerpockets.com/renewsblog/2014/11/06/multifamily-investments-partnerships-curt-bidwell/To be more successful, you simply have to work on the other elements to progress your REI pursuit.

You might feel bad at first but if you care anything about your friendship, let alone BOTH of your partnership, YOU should get separate contractor or Contractors.

I've been a member of the site a little while now, and I've been networking, reading forums, listening to podcasts, reading books and sitting on webinars in an effort to learn as much as I can before I pull the trigger. 

I need deals up there or possibly partner in JV Partnership up to 50/50.

If you wanted to do a wrap, you'd need an attorney that can utilize the power of a Texas Land Trust, structure the contract to handle the assignment of the deed of trust, and have the exact correct terminology in the contract and on the land trust to ensure the first mortgage holder retains the proper role in the transaction to prevent the "Due on Sale" clause of their mortgage from being triggered.  

., sorry about the trigger finger.