I've owned real estate (with family) for a few years now and I'm looking to expand my portfolio by reaching out to other potential business partners in making deals to better advance our cashflow.

Essentially, I think I'd be a good "source" to answer your question.Short answer: "No"... it's likely* not legal for you to do this, and the partner with his Brokers license is putting it at risk by allowing you to act as "manager" for the units.Long answer: The reason I say likely* is...

Unless you are buying 10 doors at 80k to 100k a door or more for strong class B location and construction then you can open yourself up to lots of trouble buying from afar.10 units is not scale able from afar.

Whether you have a deal you would like to share with me, you are interested in partnering up somehow, or you just want to grab a cup of coffee and talk real estate investing.

So when you state you are looking to partner with a cash investor do you mean sell the investor deals wherin they buy in cash?  

I have a buddy who is new to the real estate game who would like to partner on his first deal. 

All of my deals are syndicated with equity partners

Great answer by @Neil Goradia -- this is a tough one to start with - partner up with someone - if you make $20 but learn as much as you can its a win.

If you partner with an experienced sponsor who has a good track record and is known in the market, you will notice a big change in your responses.

You may be able to find someone to partner with who can provide the funding while you do the work, then split the profits and move on to the next one....