Buy and hold partnerships, one in town...
Being in a low yield area and confined to a daily job (low yield requires job) brings desire for out of town property. As best as I can gather buy and hold partnerships are problematic.
As an out of state investor wanting someone with skin in the game to care about the property, some kind of partnership comes to mind.
Know a young guy, who is the son of a friend, who is buying property in a southern area that is conducive to cash flow.
Understanding how one person that carries all the burden could feel like they are getting the short end of the deal, I wonder what kind of arrangement would be fair where one lives in the area, finds property and keeps track of it, while the other investor is out of town too busy to be involved.
I have more capital and credit than does my young friend so my contribution would lean more towards the capital side but that makes the partnership lopsided. Any suggestions appreciated.