Another way to do it is to have an LLC partnership and in the articles, name the other person, who lives in the States, as the managing partner.

We also have a partnership with Rain City Capital for Hard Money financing.

And at closing, we need your partners to sign closing paper works.AT: If we require his income and/or guarantee, then he and I will form a partnership, and both of us will sign at closing.

I need to find the right house, run the project, market the house for sale etc.... what is the best way to structure this partnership?

Upon looking further into the scenario, the necessity of payroll, quarterly reporting, and the more expensive and lengthy (1120) return with the S corp is enough to turn me toward just being taxed as a partnership and keeping it simple for now, especially since the business has very little income.

Plus... most paid softwares have superior export functions, in my experience, than the freebies.

I was mainly pointing out that I believe the Series LLC structure, which functions much like the Delaware Statutory Trust, would be a great structure for the OP based on it's cost effectiveness and utility.

Planning on it being single-member LLC (taxed as corp, not partnership) for now to get started. 

Most syndication sponsors don’t mark to market so the value at any point in time would be the amount originally contributed, despite the fact that the real estate is likely worth more or less than the partnership acquired it for.The next step up, if that isn’t good enough, would be to provide a copy of the subscription agreement along with some evidence that the funds were transferred, such as a wire confirmation or canceled check.Third one I’m not sure about but taking a stab at it.  

Distributions from a partnership are not taxable events.