Now have a solid network of contractors, agents, wholesalers, closing attorneys, etc. as well as the start of a great partnership. 

If/When I set up a system, I will have a Holding LLC Partnership as my primary and from there will have LLCs created for different rental properties.

Partnerships are very difficult and the more people you have involved the more complicated things can get.

Otherwise, if a partnership with the car biz buddy is in the works, you could split the duties and the dollars and be 50/50 partners, or something less equal if buddy is just a signer. 

You can also form a partnership LLC to share equal legal rights on the deal.

We intend to purchase additional investments in the coming months and will likely follow a similar process.We intend to operate as a partnership and we created a general partnership agreement outlining the key terms. 

A few options I found already that would be beneficial is owner financing, partnerships, and PMI.

The best way to get around this hurdle is to have a partnership with someone who does have the job security (and funds) while you handle the dirty work.

The main reasons for the ‘two tiered entity’ approach is for branding and if you were going to be doing multiple different partnerships.

Typically in a partnership, you bring something valuable to the table and the partner brings something different.