Hey Bigger Pockets Team,I am going into a partnership with 2 other colleagues and buying a property.

I was a partner in a commercial deal where the LLC was taxed as a partnership (the 1065 return) and K-1s passed down to each members 1040 (pass through in effect but multiple unrelated partners).You'll need to explain your need.What gurus (who sell LLCs and asset protection) don't say, is the typical new person does not need an LLC till they own maybe 10 rentals. 

I would definitely be open to a partnership, just haven't lined one up that I feel solid about just yet!

Just  few roles:1 - Cash Partner2 - Credit Partner3 - Property Manager (or manager of PM as stated above)4 - Rehab Manager (this includes finding rehabers and negotiating with them...as well as managing the rehab)5 - Business or Partnership Manager6 - Market Analysis7 - Property Analysis8 - Making Offers9 - NegotiationsNote:  #6 - 9 include deals that never get to # 10 - 1110 - Inspections of accepted offers11 - Closings...and more, based on the specifics of every deal.

If not, you will have to adjust.To share a personal experience, I own 12 units in a small JV partnership in Spartanburg SC, about 40 minutes from my home in Greenville SC.

All three deals paid off, as promised, and they got their investment back plus good interest rates.Since then I have looked again to private money in the form of equity partnerships. 

As a partnership and sisters.Just be sure everything is in writing and that everyone has their duties to preform.A silent partner is worth as much as one of the partners that does hours and hours of extra work and chasing and etc?

My question is, what is the proper approach/verbiage so to find out how much available capital they're willing to lend so that I can figure out how to properly use their funds i.e. for help with a down payment, a rehab loan, closing costs or a partnership?

I am hoping that agents will recognize the potential for partnerships on future investment purchases even if one doesn't exist right away. 

Hi!  I’m a new investor having less than 5 properties, do not have a w-2 job, excellent credit.  I want to build more capital and expand my portfolio, but afraid I may be running out of finance options.  
I have some...