Establish a partnership ahead of time and put it in writing/contract 50/50 60/40 70/30...

It has to be the right partner and any relationship should be established slowly. 

If you are looking to work for a large, established development firm this makes some sense.

@Kyle Hassig I would have worked to scale up faster and looked to establish myself with financing partners.

Do you have established business Credit in the LLC name? 

@Deanna McCormick has it right;  Establish your criteria AND STICK TO IT.If the SSN & CR are criteria and they can't provide it, then the answer is clear.

The best way to develop clout is through establishing a track record.

I've heard it may be difficult to impossible to buy an investment property under an LLC especially if it's a newly established LLC. 

G'Day everyone,I never in a million years did I think I'd be writing this but life and business can be funny sometimes.So we hated property management for so long because it's a very "thankless" gig.Tenants complain things aren't getting fixed quickly enough and landlords complain that things cost too much to fix lolAnd the property manager is stuck in the middle.Long story short, we had to set up in-house property management because that was the only way in our opinion to have a successful turnkey operation.Fast forward 10+ years and "what do ya know"We love PM....The residual and predictable income.The recession "proofness" of the business model.The value it offers to both tenants and landlords.And off course the profit margins once you hit an economies of scale standpoint.We have also fine tuned our operation over the years to almost perfection and established ourselves as the #1 rated property manager in Toledo.Systemize, optimize and monetize is what we did.We are now at a point where we could like to focus on mergers and acquisitions.Yep, I kid you not lolI'd like to buy other property management companies that don't know what they are doing just like we didn't I guess for the first 3-4 years.Looking to stay close to home in Toledo to start.I spent some time cold pitching local companies but they are all too proud to reply in their incompetent management style and prefer to continue running a scam.Any advice from other PM owner folks that are more experienced/advanced than we are would be much appreciated.Specifically on how to find an owner interested in selling.Grazie mille for reading and I'm looking forward to your reply 🙏

It's not meant to differentiate between an established host that generally knows what they're doing and a Ritz Carlton experience.