If you are buying a piece of this LLC, assuming the accountant doing the partnership return knows what they are doing, there will be a step up in basis allocated to you as well.

PM me if you ever need help with anything I am very familiar with the area and own over 30 units between myself and partnerships in Morgantown

I'm an experienced investor looking for recommendations on GCs or contractor-type folks in the Denver Metro for rehab / value-add projects.I would be open to both fee based and partnership arrangements. 

What are some options for structuring our partnership?

investors must become partners in the sole proprietorship due to the capital investment in the businessAt which point it would no longer be a sole proprietorship but rather a general partnership. 

My focus is relationship dependent, but prefer straight loans for flips or partnerships for single family and smaller multi family homes.I would like to learn the ins and outs of the market, and potentially tax liens and auction processes in return for supporting projects financially and physically where I can.Thank you and happy connecting!

The partnership terms can vary widely from there.

Can our ABC LLC do a limited partnership with XYZ LLC without raising flags with the lender?

I’m more interested in joint venture / partnerships at this point in my career.

Among other things, I would want our partnership (in whatever form it exists) to be able to get ordinary (conventional or commercial) mortgages.