Hello, I've been somewhat successful creating a RE Business and looking to get into other ventures. My best friend asked to join my business, and he strives to be a entrepreneur. Knowing this, we worked out a 50/50 ...

Question 2: I understand partnerships are about relationships.

The plusses are trust and aligned interests (profit) but there can be a whole other thread on how family partnerships can go sideways.

I would hire a Property Manager (not a realtor who is hoping that you will sell soon) This way if it doesn't work out you just change the property manager, and you don't have to deal with a Partnership that is gone bad (ie law suit) . 

Their is a very tiered scale to membership, but I'm just wondering if there is any benefit to being a member to DigOnline.org, if I already attend their Meetup's here in Philadelphia and the surrounding area and I'm already a member of BiggerPockets, which seems to have a more functional website, better resources and greater networking reach. 

@Fausto Carosella I briefly bought a couple of properties in Ft Myers, and I think the property appraisers site, GIS map has a function for recent sales?  

How should I create this partnership/deal?

Some might be $1m homes in a $2m neighborhood, others might be $30k homes in a $50k neighborhood, but the search function would recognize the lower relative price.

He's correct you can't get financing with roof leak, you didn't mention if the furnace was functional...also a requirement.

I agree that one should have a primary function, but that does not mean you cannot do other things.