To sum it all up, I can get the money but instead of just getting the loan from him, I want to make a partnership and prove myself so I can do more than one deal with him.

Property worth $100k.3 - HCP replaces FCP 5 months from start of Partnership.4 - Based on Step #1, FCP gets their $80k back plus 7% (3+1+1+1+1) of $80k investment = $5,600>>>Total of $85,600 from...5 - ...the HCP.6 - If cost to HCP is above break even with the FCP. then the REI (I bet you were wondering why I mentioned the REI in the beginning) gets the overage.This is just an example to show the mechanics of the deal. 

A lot of a partnership comes down to who provides what value.

I was able to start a real estate partnership with the owner of a property management company in town and I have read so many success stories in real estate where the investor talked about how the first deal was life altering and propelled them into more and more deals. 

Setting up an LLC with two or more investors coming together in the same LLC would be treated as if the party doing the 1031 Exchange is actually buying a membership interest (partnership interest) in the LLC, which would be treated as a partnership for tax purposes. 

In partnership with Kansas City-based developer 3Strands, the two- to four-bedroom homes are now on the market, starting in the $400,000 range.

For the investors looking to get started on the active side, a potential question I've heard is: What is the best way to bring value to an experienced general partnership in exchange for education/mentorship? 

I am willing to consider giving you a small token partnership just to get you going on that track to build some record with the lenders, etc.

The Bozeman prices are out of my range, so I am also interested in finding local like minded people who are also looking for partnerships.

It is a partnership LLC ( wife and I), ( Sorry I missed that critical point), will that make any difference.