I am also interested in exploring some possible partnerships  for flipping.

I finally decided to pull the trigger last year.  

My business partner and I will be acquiring a fourplex this year via creative financing or partnership, we don't know yet but for one thing we will acquire a property one way or another that cash flows!. 

I was just wondering how your partnership is set up.

@Thomas Abbott I have not pulled the trigger on a house yet as my current lease doesn't expire until July.

2 - Each Individuals Financial Contribution3 - Exit Strategies (all of them and the triggers)4 - Ways for each individual to exit Then take all of that to a lawyer and have a legal entity drawn up.

This could trigger the due on sale clause issues.If this is a friend of yours, you can't help unless he is willing to transfer an interest in title, there may not be any profit, tell him under the circumstances he needs to get a Realtor/PM.Not every house you find will be a deal, personal relationships don't set the stage to force a profitable situation, IMO, move on. :)

But I am having trouble pulling the trigger.  

Is it feasible to set up a limited partnership and raise $50k from the partner?

So the bank would theoretically have the right to call the loan due since it triggers the due on sale clause.