When I went after my first deal, I think the hardest part is just holding the confidence in yourself to pull the trigger.

Question:In the scenario of equity partnerships, one person finds the deal and does the work while the other partner is the finances, my question is avoiding capital gains.

You do not for example want to end up with a dozen partnership returns to deal with unless you first know how much work that entails. 

LLCs can trigger extra costs ($800 per year in California for example), extra hassles (such as a need for a partnership tax return between two spouses in some states), extra paperwork and so on.Here is what one attorney says about LLCs:https://www.biggerpockets.com/forums/109/topics/1212815-i-ne...

It takes 3-5 days to filter through the system, but we don't really have trouble with trigger leads now.

There are ways to do this without triggering a tax.

Partnerships can be a lot of work.

Like many of you, I’ve read about all kinds of creative financing strategies; seller financing, master lease options, JV partnerships, equity swaps with contractors, you name it.

You 'potentially' created an issue depending on how you are reporting it for tax purposes.How were you reporting this activity with a 'partner'.Was this done through a partnership return?

Are there any recommendations for how to structure this kind of partnership/deal?