In the event you are granted assumption, you do not have to fear triggering Due on Sale, as the lender granted you interest.

Seeing that my funds were always short, I thought of the idea of creating a business partnership.

... and that would trigger a 3 week wait for windows, during which time we were at a dead-stop with the project.

And what kind of terms are typical of a partnership like this one?

However, as Bill Gulley has pointed out, the small factor of the positive cash flow makes it a challenge to find a vehicle to deposit the funds that would not trigger a taxable event.

Basically a partnership arrangement with a UCC filing on the account.Work on him and ensure him on the deal, let him work on her.

Find a motivated seller who needs repairs, buy an interest in the property, go fix it and sell in a partnership.

Master lease triggers it unless the owner arranges this in writing with holder.2.Sub2, Wrap, Lease/Option - same problem.3.If there is no underlying, owner-financing is the best option, and within that note and mortgage or deed of trust is the better option as this would give you legal title in lieu of only equitable title as with land-contract.Thoughts?

Hi BPers,My first deal was a partnership.

@Jay Hinrichs and @Ben Kahle the two of you might consider a partnership on this one - but no deal making permitted in this forum.