Operating Agreement for a LLC or Partnership Agreement for a partnership, will spell out all the various terms how you two (or more) are partnering and what should happen in case of --- whatever... 

We have even had opportunity for a partnership with her father who owns his own electrical company with 30 years of experience who is interested in the REI.

However, the downpayment will come from me, so I have to figure out how to handle the partnership part :)Be Safe & Be HealthyJoanne

My business partner and I are looking into starting an LLC and purchasing a investment properties in Jackson, MS. any advice or lessons learned from your experience as investors/ partnerships that you would like to share?

Seeking Texas Partnership, Hello John, I read through all the post you wrote and I like your attitude.

Did you use a partnership or a sole proprietor with the other spouse as the employee? 

I am now 4 years into this partnership which I once walked into with the intent to add value.

Investment Info:

Other buy & hold investment in South Elgin.

Purchase price: $188,000

Cash invested: $55,000

Duplex with 3 bedrooms, 1.5 bath, 2 car garage.

What made you interested in ...

I have never done any sort of partnership deal before so I have come to BP to get suggestions and advice.

OrCreate a partnership LLC?