You should have a couple "out clauses" or "weasel clauses" in your contract to protect you just in case you cannot find someone to sell it to.The most common clauses are the inspection clause and partners approval clause, ill give an example of both.This agreement is subject to final inspection of the property by the buyer and/or buyer’s business partners on or before certain dateThis agreement is subject to final approval of the property by buyer’s business partners.I am not a lawyer so make sure you have your lawyer inspect your contract and these clauses before you use them.And just like wheatie said, if worst came to worst and you had to break your contract, the earnest money should be sole remedy of the seller, so make sure that you are structuring your deals with little to no earnest money.Good luck

I have an equity partner who is willing to put up the capital if I just manage it...then we both split equity & earnings after his 10% required return.All I've had to this point is residential single dwellings....taking a known calculated risk with this 8 plex but I'm up for the challenge.

You spoke to why YOU want a partner.Why would anyone want to partner WITH YOU?

Please familiarize yourself with the rules of the forums. 3 of your first 3 posts were solicitations for partners.

Trada's attorney for Texas is bailing on them, Marin, and other defendants.Looks like bankruptcy for Trada VI so that the limited partners will be on the hook for the amount of their investment.Also appears Boise office closing with their furniture being repo'ed.

I'm looking to get a property that requires a covenant to build the second unit (part f why I want it), yet to make the deal worth while to my partner I need it to be a rental.

When it comes down to getting the house under contract, if you already havent let him know, when you put your name on the contract and then and/or assigns, this is another good time to tell him that you may be assinging this house to one of your investor partners.

You can then partner with the investor and get a share of their great deals.Finding deals in this market isn't difficult but finding money is very difficult.If you find the money, the deals will find you ...

Of course, you need good credit and cash, so find some good partners, silent are best and build a business.

They can be partners or lenders but under no circumstance can they be both.