He would benefit from monthly cash flow whereas I'm more interested in the long-term benefits (appreciation, debt paydown and yes, cash flow).Does anyone have any suggestions on structure/terms that you may have seen in the past that would be beneficial to us both?

Quote from @Cosmo DePinto: Hi everyone,Who is everyone using for tax and real estate structuring (LLC’s, etc) in the Long Island area?

I cannot speak to the legal side of things for structuring an LLC but just wanted to make that clear. 

@Hardik Patel Yes, forming a two-member LLC with your sister is a common and smart way to structure a 50/50 real estate partnership.

Great question and it’s smart to plan your structure before jumping into your first fix & flip.

Though I'm familiar with a lending team that can help you get permits for additional structures on a parcel, condo-ize the lot splitting it into 2 or 3 parcels, and encumber the main house with all the debt. 

I've been looking into options that allow higher leverage (even close to 100% financing in some cases) and wanted to hear how others are structuring things to stay cash-efficient.Anyone using creative setups or brokered capital?

Structuring is easy -- set up a separate LLC with this group, allocate % of ownership on the LLC based on % of ownership in the properties, capital investments, etc. however you'd like.

I'm working on alternatives to structuring the deal.

Has anyone here bought or sold a property using a structure where the buyer doesn’t get the deed, but instead buys membership units in an LLC that owns the home?