I found my way to Bigger Pockets after a failed partnership. 

That is a function of the market being significantly more favorable to cashflow than San Diego.

The property has functioned and will continue to function as a rental "as is" assuming you are not being forced to do any work.If it is not required you are placing your personal feelings/opinions ahead of smart business decisions.The business formula is buy, do only necessary repairs, upgrade only to increase rent, place tenant, earn money.

@Harry Williams this is a common partnership.

Flying cars would be great too and we have talked about them for 25 years and where are we with themSome businesses yes blockchain may be functional and efficient but I have severe doubts on getting the lending industry and local jurisdictions doing this.

Anyone (especially in Minneapolis-St Paul or Fargo areas) ever seen or done a partnership where you are the (novice) long term buy & holder going for cash flow, and they are the short term flipper interested in appreciation upon refi?

If it was you and two buddies you could probably make it fly as a simple partnership (using an entity such as an LLC). 

No need to rock the boat consolidating and refinancing mortgages or chase a shady partnership. 

Was a partnership deal with 2 others, 21%.

Hello, I live in Buffalo, NY but am interested in purchasing in Pensacola, any advice regarding taxes, partnership, and strategy?