Agent / Investor Partnership

[James English]

Hello BP Family!

My question is: What would be the correct way to form a partnership with capital investors?

I have both in state and out of state investors who would like to invest with me as being their agent. 

We would be sharing equity in the properties we purchase and I will be performing the majority of all things sweat equity.

I am looking to protect every one involved. I definitely want to make sure I am positioned correctly, but I want to be sure this is a win-win strategy that others have implemented before and how I can duplicate that process.

All suggestions, advice, and warnings openly accepted. 

Just looking for a system to follow. 

- James