Hello everyone,So I have a great deal on the table I received by a wholesaler.

@Kinju DudhiaThe great thing about partnerships is that each partner can negotiate whatever income/loss allocation.Partners who bring more to the table(time, capital, experience) should get more of an allocation.Regarding ease - it really depends on which partners are managing members/general partners and which partners have an above 19% ownership percentage.Banks normally require signature of all GP's when signing up for a bank.Lenders will normally want a personal guarantee of all partners with above 19% ownership percentage(confirm with your bank).With that said - you 4 should all have a virtual sitdown with an attorney and have an operating agreement set up.

The pending case is due to section 8 clearing the house. it's been 2 months and the information that i have received from the property management was the inspector was trying to get hired with the property management company under the table to expedite the section inspection faster.

If you start to network with people in the area looking to do similar things you could potentially partner up with someone that brings a strong W2 job to the table and work things out. 

In some of my recent observations of discount brokers and FSBO websites, the amount of web traffic and views they receive is 50% of what a real estate agent brings to the table.  

If you file for eviction now then offering cash for keys is off the table because they won't be able to get another apartment with the recent eviction on their record.  

What experience or relationship do you bring to the table that would make a PL feel comfortable with lending you 100%.

So unless there is really something unique this person brings to the table that you can capitalize on, I would pass. 

What exactly are you needing than if you have rehab experience, $600K +, and the ability to bring deals to the table for a partner?

I was under the impression that open houses were still on the table for this weekend.