It all depends on the specific deal, relationship with the lender, previous track record, and amount of skin in the game.  

A common structure is where you co-invest alongside them (it is good to have "skin in the game") and then you take a promote or carried interest.

Learning more from those that have their skin in the market is inspiring. 

Yes, common names can be difficult, I bought a house years ago where the defendant was a Robert Johnson, yes 189 entries in that name, and like 18 of them on this property. 

Keep in mind that most HML's will also require you to have some skin in the game, even if the ARV supports a higher value. 

You need to have skin in the game .

However, the Treasury Department and IRS recognize the difficulties taxpayers and practitioners may have in determining whether a taxpayer’s rental real estate activity is sufficiently regular, continuous, and considerable for the activity to constitute a section 162 trade or business.

How difficult is it to remove (along with the old controller)?

If you haven't done a deal before, you will have difficulty attracting passive investors.

Any and all help is welcome, I have thick skin so don't be afraid to throw the hard blows.