Hi @Courtney Redfern, it sounds like a jointly owned LLC or similar entity structure would be fitting for you (subject to a tax pro or legal pro verifying this idea) and would allow for a simple, track able partnership vehicle.  

Highly recommended for partnerships with appreciating value.

If it is a good buy at all, take it to someone who has experience flipping and offer a partnership.

There are a bunch of assumptions here including that there is equity to buy out and the Partnership Agreement allows this.I just don't see a real "purchase" going on here. 

Rolling funds are structured as a seriesof limited partnerships, so subscribing LPs receive distributions (net of fees) from the quarterlyfunds in which they’ve contributed capital.10.

It sounds like a joint partnership maybe a good option for you.

The company can choose a partnership tax status which means that all profits and losses are passed to the members and then the members pay they own taxes. 

So here's my goal;I want to enter a "partnership" with my mother, my boyfriend, and myself to purchase an MFU in LA to house-hack.1.

I have a partnership with an attorney and a Realtor.We made our first deal and when deciding how to split the margin the "work" made by the attorney and the realtor was deducted from the final margin.Thing is, that all of the partners had different tasks however, only the attorney and the realtor demanded their work to be paid.Of course now we are defining the rules prior to the next deal, however I would like to hear your thoughts about this

You can pay other people to 1) leverage their time while you work on the more important stuff, 2) leverage their expertise in an area where you're weak to get something done better (could be a partnership), or 3) leverage their education to speed up your learning through coaching/mentoring.