You'll need to know the ownership split, what that split will be based on going forward, a documented and signed partnership agreement, a documented and signed Operating Agreement if LLC, take and document meeting minutes if LLC, etc. 

Local partnerships can also help move things forward.Great opportunity if you approach it right.

Feedback is not always positive and I know I would certainly appreciate it if a fellow experienced investor warned me about financially or ethically unscrupulous vendors lurking in our paid finder functions.

Syndications are set up as multi member LLCs with the “managing member” being the sponsor (“syndicator”) or limited partnerships with the syndicator/sponsor being the General Partner.The syndicator/sponsor/managing member/general partner may employ a property manager, bookkeeper and or accountant.  

Each entity was owned by a “family limited partnership” in which his teenage daughters held 51%.  

That naturally evolved into a real estate business focused on education, partnerships, and managing shared investments.If you're just getting started, building a network is usually step one, followed by finding your first deal, and putting strong systems in place.

Assaf Hazan Fix & Flip | Cleveland | Lorain | AkronAlways open to networking, partnerships, and fresh ideas!

You can then offer that list to investors for a fee or equity in a partnership deal.

Be cautious with how much control or decision-making they have to avoid crossing into partnership territory from a legal or tax standpoint.

Partnership or Equity Share Give her a share of future profits instead of a full buyout now.