I found a property, not sure which forum, but this seemed close

[Westley Bachmeyer]

I found a property with a 3/2/2 SFR on .25 acres AND 2-two unit apartments on side. It was UNDER $200,000 and from the photos of the SFR it was move in ready. I want to go look at the apts, as they looked to be in good shape, but I couldn't see the inside.

My question is, when you find something like this, and you don't have the funding ability(I work at a school and have TRS not a 401k, so I cannot take a loan out against it, nor do I have 20% down, but I have about 60k in equity in my home, but the lenders I have talked to will not do a HELOC in my state, point is I can flip, but not buy and hold with my own financing) and you need a partner on the deal, how do you protect yourself from telling them about the property and them just taking it? I currently don't have it under contract or anything.

I am interested in taking a partner in on the deal, and I'm willing to take a smaller piece of the pie for birddogging, but I see this a major long term income with monthly profits exceeding $500 after NOE.  

Suggestions?  Is the only way to solve this is to get it under contract and flip it?