Investing from out of state or by long distance requires partnership.

I have a few relatives that are willing to partnership but, I don’t they have any way to show reserves/money for down payment.

Also, give your family member or friend a promissory note connected to the specific property and have a deed of trust recorded on it; unless it is a partnership that you are doing and then I would encourage you to have a partnership agreement outlining the expectations and the roles and how the profits will be disbursed, etc.  

I'm not sure if it's a legal explanation or some other reason though.What I have seen is agents who have a partnership with lawyers.

I currently am working with a potential partner on an off market deal.  The situation is this:
I have the cash to do a deal and put down for down payment, reno, etc.  My partner  comes to the table with no cash, howe...

Basically, these buildings are rarely ever empty so it's a win for property owners.Has anyone had experience with a similar partnership between property owners and coworking operators?

My question is this; those of you that have done something like this how did you structure your partnership for a smooth simple operation?

I would look into partnerships.

i just found out this isn't okay to post here. I don't know how to delete it.
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Let them buy it and do an “Option to Purchase” agreement with them for you to buy it at a set price within a set amount of time.ORPurchase together as a Joint Venture with an “Option to Purchase” their portion at a set price within a set amount of time.ORForm a partnership with them and purchase together in the partnership with an additional agreement to purchase their ownership in the partnership at a set price within a set amount of time.OR Get them to fund the deal “Private Money” and payoff when refinancing.ORJust go to another bank who is willing to let you do both based on the numbers.ACQUISITIONS METHODS-1.