I think where you're confused with my background is that I actually have indulged in the privy of vetting more partnerships than you've done. 

You and the other posters here have been generous in indulging me in this exercise of considering this "partnership" / BRRRR, but demonstrating that we can invest successfully on our own power before seeking out partners is not only my strong preference but just sound business logic.As a new investor my head starts to spin when I start to think about investing, and the many gaps in my knowledge reveal themselves: how to structure a partnership? 

Be focused more on systems; i.e, are we saving enough money to invest by not indulging in other areas and prioritizing the right specific things, is the cost of this pursuit worth what you're sacrificing, if we keep $X set aside everything else above $X should be invested here in the short-term and this in the long-term.

I indulged while trying to make my way out of that conversation.

Please indulge me for a moment while I introduce myself and describe my understanding of the property:About me: My goal is to replace my earned income with income from long-term buy-and-hold properties.

At that level of indulgence tax planning has been kicked to the curb like the remaining members of Destiny's Child.

It seems too good to be true, but could someone indulge me on that as well? 

If I can ask you to indulge me further, I would like to talk through the deal and get asked the questions that a lender would pose.

I've attempted to indulge in several investing strategies, such as seller financing, and hard money lending.

Vowing to never let that happen again, I've indulged (probably too much) in REI education.