TIA I do want to chime in with a couple of mistakes I've made with partnerships I went into.

My short-term goal is to acquire 8–100 units within the next 6 months, and my long-term goal is to scale to 500+ units through partnerships, seller financing, and joint ventures.Right now, I’m looking to connect with:- Experienced investors or agents open to JV opportunities- Mentors who can help me structure my first few deals- Anyone with off-market multifamily properties in Middle Tennessee or TexasI’m not here to waste time — I’m here to learn, move quickly, and make things happen.

Under the partnership terms, ownership entity collects $9,500 NNN rent, the operators collect a management fee and the liquor license and increased occupancy related expenses are repaid using a 7- year amortization schedule to real estate partnership.

I'm presuming partnership and LLC.

BTW: if you do decide to keep it and rent out together, you will NEED a partnership agreement to set the rules about how issues that will come will be handled.

Also, its very interesting that its a partnership between a Houston Developer and the State of Texas.

Since the home was moved into an LLC and taxed as an S-Corp/Partnership, it’s technically no longer owned personally, so the IRS usually won’t allow the Section 121 exclusion.

Most are acquired as syndications or partnerships. 

.), then you would split the profit 50/50 as a partnership.Your partner would buy the property in an entity he controls 100%, and there would be a partnership agreement between you and that entity.

Partnerships?