Structuring a partnership buying long term rentals?
Hello everyone! I am looking for multifamily deals in my area and I have enough for a downpayment on one that I found. This will be my first deal and it is all the cash I have if I buy it with a dscr loan. My thoughts were to partner with someone to split the down payment. I wanted to understand how to structure it and how to incentivize someone to partner with me. Would we split everything 50/50? Would we set up a LLC together or a JV? Any advice helps, thank you.