This is the part that needs more details on your specific situation.As far as setting up the partnership and the k-1, I have looked into that and basically between my attorney, my accountant, and myself, we determined that would only result in higher fees to the IRS for more returns, higher fees to my accountant for more returns, and higher fees to my attorney for the legal work associated with setting up the separate entity.

I am hoping to find someone that has good results in renting quickly and maintaining consistently.

Model it out using spreadsheet below and then show the results to 3-5 banks and ask them if they would be interested in financing such a deal. https://www.dropbox.com/s/aw0w31nrl06pxam/6331%20Beard%20Ave%20N%20stabilized%20valuation.xlsm?

I am hoping to find someone that has good results in renting quickly and maintaining consistently.

This results in a monthly profit of $427.

Approaching someone that can produce a written lease that ends 18 months for now and they don't want to go.....be ready for big money....or simply honoring their lease terms.  

Social Security numbers resulting in the number of identity thefts associated with that process.

Take it from me - start here and you'll have better results.

I suggest that you use the money available first to set up a proper structure with an attorney, the DIY stuff off the internet accomplished by unaware newbies will usually be inefficient or improper or mismanaged as a result.

You've got to be more specific if you want results @Lindsey TurnerWhat is he looking for?