Maybe I'm reading too much into the details at this point but thank you for the explanation. 

As well as the details to it.

Second, this business requires attention to detail in planning and execution -- so misspelling "realtor" shows that, like many of us, you sometimes let the energy take you a little faster than spellcheck can keep up with!

Pretty crazy for my first one, will do a longer/detailed post in the Rehabbing and Flipping forum.

I cant go into futther details than that but is there a way to seek partnership wth him but still protect the assets that we own together and that I own separately by going into a partnership agreement? 

You can read in detail about the whole experience in my book Portfolio Loans: Scaling your Real Estate Investments, available on Amazon or through the link in my bio.          

I’ve read several of your posts and listened to the podcast and it’s obviously a compelling directive especially from the degree of detail you share so thank you.

There are some related complications such as deducting expenses related to this flip and the issue of the new 20% deduction - so it's a good idea to discuss it in more detail with your accountant.And congrats on making enough profit on your first flip that you asked your question.

Please message me for details.

Call a local 1031 intermediary and give them all the details:  how long they've held an interest in the property, is it a stepped up basis, remainder interest, etc.