How should I setup this business deal?

[Konrad R.]

I have a family member that wants to get into house flipping as well. I'm thinking about loaning him the money for the first flip. 

Some key criteria are:

-I want to purchase the house in my name.

-The taxes will be paid by him through his newly formed LLC

How can we set this up? I guess it could be looked at as a loan. For simplicity, let's say I do not profit from this deal. 

Basically, I will buy a house. Turn it over to him. Then I will sell it when it is rehabbed. Unfortunately, this will look like I made a large capital gain. Is there a way to setup this deal and protect my interest?